Centrifuge has integrated Symbiotic's Liquid Lane network across three tokenized funds holding approximately $1.6 billion in assets under management, giving eligible holders an additional path to exchange positions for USDC.

The covered funds include Janus Henderson's JAAA, an AAA-rated collateralized loan obligation strategy, and JTRSY, a short-duration U.S. Treasury strategy. New York Life Investment Management's HYB, a U.S. high-yield corporate bond strategy, rounds out the integration.

Symbiotic's Liquid Lane operates as an on-chain request-for-quote marketplace where market makers draw liquidity from vaults to fulfill redemption requests with instant settlement. Once fund tokens are acquired, market makers can redeem them through the original issuer or sell them via another RFQ transaction, ensuring investors receive USDC immediately outside the funds' standard redemption cycles.

Centrifuge functions as an asset tokenization platform where managers like Janus Henderson—which holds roughly $500 billion in assets under management—issue and manage tokenized funds. By December 2025, the platform had attracted approximately $1.3 billion in new inflows, with Janus Henderson driving much of that growth. JAAA alone accounted for about $1 billion in total value locked, making it one of the largest tokenized funds in the market.

Centrifuge previously partnered with Wintermute in February 2025 to offer 24/7 instant redemptions for JTRSY. The HYB fund, launched in June, established a separate liquidity arrangement for near-instant redemptions.

Felix Lutsch, Symbiotic's head of ecosystem, said Liquid Lane's primary distinction lies in its capital structure rather than settlement speed. The marketplace design allows multiple market makers and curators to participate without pre-funding inventory for individual assets.

Historically, low trading volumes in tokenized assets have constrained market maker economics. "The bigger constraint has been flow," Lutsch said. Aggregating redemption demand across multiple issuers and asset classes could improve these economics as tokenized funds see increasing use as collateral and financing assets within on-chain markets.