Centrifuge has integrated Symbiotic's Liquid Lane across three tokenized funds totaling $1.6 billion in assets under management, providing eligible holders with immediate USDC liquidity for their positions.
Symbiotic's Liquid Lane operates as an on-chain request-for-quote marketplace where market makers use liquidity from vaults to fulfill redemption requests from fund holders. After acquiring the fund tokens, market makers can redeem them through the original issuer or sell them via another RFQ transaction.
The integration covers three tokenized funds: Janus Henderson's JAAA, an AAA-rated collateralized loan obligation strategy, and JTRSY, a short-duration US Treasury strategy. New York Life Investment Management's HYB, a US high-yield corporate bond strategy, is also included.
Centrifuge's platform enables asset managers to issue and manage tokenized funds directly on-chain. By December 2025, the platform had attracted about $1.3 billion in new inflows, predominantly from the two Janus Henderson funds. The JAAA fund alone accounted for approximately $1 billion in total value locked.
Centrifuge previously partnered with Wintermute in February 2025 to offer 24/7 instant redemptions for the JTRSY fund. The HYB fund, launched in June, established its own separate liquidity arrangement 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 structure enables participation from multiple market makers and curators, allowing market makers to avoid pre-funding or maintaining inventory for individual assets.
Low trading volumes have historically constrained the tokenized asset market, limiting market makers' incentive to commit significant capital. Aggregating redemption demand across multiple issuers and asset classes could improve the economic viability for market makers, particularly as tokenized funds gain use as collateral and financing assets within DeFi protocols.
