Centrifuge has integrated Symbiotic's Liquid Lane network across three tokenized funds, allowing eligible holders to exchange positions for USDC instantly. The integration covers approximately $1.6 billion in assets under management from Janus Henderson and New York Life Investment Management (NYLIM).
Symbiotic's Liquid Lane operates as an on-chain request-for-quote marketplace. Market makers draw liquidity from vaults to fulfill redemption requests, providing immediate USDC to investors. Market makers can then redeem the acquired fund tokens through the original issuer or sell them via another RFQ transaction.
The liquidity route covers Janus Henderson's JAAA, an AAA-rated collateralized loan obligation strategy, and JTRSY, its short-duration US Treasury strategy, along with NYLIM's HYB, a US high-yield corporate bond strategy. Investors receive USDC instantly, independent of the funds' standard redemption processes.
Centrifuge functions as an asset tokenization and vault platform supporting asset managers in issuing and managing tokenized funds. Janus Henderson, which oversees about $500 billion in assets, has been a major driver of Centrifuge's expansion. By December 2025, Centrifuge had attracted approximately $1.3 billion in new inflows, primarily from these two Janus Henderson funds. JAAA alone holds about $1 billion in total value locked, making it one of the largest tokenized funds in the market.
Centrifuge previously established other liquidity arrangements. In February 2025, the platform partnered with Wintermute to offer 24/7 instant redemptions for JTRSY. The HYB fund, launched in June, features a separate liquidity setup for near-instant redemptions.
Felix Lutsch, Symbiotic's head of ecosystem, said Liquid Lane's distinction lies in its capital structure rather than speed. The marketplace allows multiple market makers and curators to participate without pre-funding or maintaining inventory for individual assets.
Low trading volumes in tokenized assets have historically given market makers minimal incentive to commit capital, Lutsch said. Aggregating redemption demand across multiple issuers and asset classes could improve the economics for market makers as tokenized funds see increased use as collateral and financing assets within on-chain markets.
