Janus Henderson oversees over $500B in assets, and its $JAAA is the largest AAA-rated CLO ETF in the world with $29.67B in AUM. The same strategy was brought onchain by @centrifuge in June 2025. Today, JAAA has $692M in assets across @ethereum, @solana, @avax, @base, and other networks. The two largest holders are @grovedotfinance and @ethena, which hold it as a capital-preserving reserve asset that earns a floating short-term yield of 4.6% APY. JAAA makes up 13.9% of Grove’s assets ($391M) and 6.5% of Ethena’s assets ($251M). Anyone can independently verify the fund's asset-level holdings data using Proof of Asset by @ChronicleLabs. JAAA's usage across DeFi is still growing, but it has several integrations across @aave, @Morpho, and @eulerfinance, while @3f_xyz enables one-click leveraged looping that can achieve a maximum APY of 11.6% when taking the maximum leverage of 10x.

Fun time at the @HyperliquidX event down in Miami. Incredible venue, thanks for hosting @hypeglobal_! Shout out to @andyhyfi and the guys at @HypurrFi for the Zippo and shirt!