Centrifuge has integrated Symbiotic's Liquid Lane network across three tokenized funds, enabling eligible holders to exchange positions for USDC without delay. The integrated funds represent $1.6 billion in assets under management from Janus Henderson and New York Life Investment Management (NYLIM).

The integration covers Janus Henderson's JAAA, an AAA-rated collateralized loan obligation, and JTRSY, a short-duration U.S. Treasury strategy, plus NYLIM's HYB, which tracks U.S. high-yield corporate bonds.

Symbiotic's Liquid Lane operates as an on-chain request-for-quote (RFQ) marketplace where market makers source liquidity from various vaults to fulfill redemption requests. After acquiring fund tokens, market makers can redeem them through the original issuer or resell them via another RFQ transaction.

This mechanism allows investors to receive USDC without waiting for standard redemption processes. Centrifuge functions as an asset tokenization platform where managers issue and oversee tokenized funds.

Janus Henderson, which manages approximately $500 billion in assets, has been central to Centrifuge's growth. By December 2025, Centrifuge had attracted $1.3 billion in new capital inflows, with Janus Henderson funds as primary contributors. The JAAA fund alone held about $1 billion in total value locked.

Centrifuge previously established other liquidity arrangements. In February 2025, it partnered with Wintermute for 24/7 instant JTRSY redemptions. The HYB fund, launched in June, has a separate near-instant redemption structure.

Felix Lutsch, head of ecosystem at Symbiotic, said Liquid Lane distinguishes itself through capital structure rather than speed. The marketplace allows multiple market makers and curators to participate without requiring pre-funded inventory for individual assets.

Historically, low trading volumes in tokenized assets have constrained market maker participation, Lutsch said. Aggregating redemption demand across different issuers and asset classes could improve the economics for market makers as tokenized funds see increased use as collateral and financing assets on-chain.