Centrifuge has brought tokenized fixed-income products from Janus Henderson and New York Life Investment Management onto Arc, adding institutional Treasury and credit strategies to Circle’s stablecoin-focused blockchain. According to Arc’s official October 1 overview, JTRSY, JAAA and HYB are now live on the network. The deployment gives Arc applications access to tokenized U.S. Treasuries, AAA-rated CLO exposure and high-yield corporate credit through Centrifuge infrastructure.
The integration builds on Arc’s September 16 mainnet launch, when Circle identified Janus Henderson and New York Life Investment Management, working with Centrifuge, among the asset managers bringing tokenized financial products to the network. The October update confirms the availability of specific fund assets rather than introducing the institutional relationship for the first time. Arc itself launched with USDC at the center of its financial architecture, alongside lending, trading and tokenized-asset infrastructure.
Three Fixed-Income Strategies Join Arc
JTRSY provides tokenized exposure to Janus Henderson’s short-duration U.S. Treasury strategy, while JAAA represents exposure to an AAA-rated collateralized loan obligation strategy. HYB is tied to a U.S. high-yield corporate bond strategy sub-advised by New York Life Investment Management. Together, the three products broaden Arc’s fixed-income mix beyond Treasury assets into structured and below-investment-grade corporate credit.
Centrifuge’s current deployment documentation lists Arc contracts for all three assets as well as USDC-denominated vault infrastructure. Arc describes them as composable ERC-4626 primitives that developers can incorporate into lending protocols, treasury vaults and credit applications, supported by verified NAV pricing. That makes the funds technically available as financial building blocks, but it does not establish that they are already being used at scale as collateral or liquidity across Arc.
The distinction is particularly relevant because tokenized funds retain the operating characteristics of their underlying investment structures. Redemptions can depend on valuation schedules, fund processing and available liquidity even when the token itself is transferable onchain. Centrifuge has separately developed liquidity mechanisms that can accelerate access to USDC while the underlying fund completes its normal settlement cycle. Putting an institutional fund inside a composable smart-contract environment does not automatically give its underlying bonds continuous liquidity.
That same separation between distribution and settlement is visible in Centrifuge’s integration of tokenized funds into Para-powered wallets, where easier application-level access did not eliminate the funds’ existing redemption mechanics.
Composability Does Not Guarantee Collateral Demand
Arc already has lending infrastructure capable of supporting more complex financial use cases. Shortly after launch, the network moved above $334 million in reported DeFi TVL, with Morpho and Aave accounting for most of that capital at the time. Those credit markets create potential destinations for tokenized fixed-income assets, but Arc-wide TVL cannot be attributed to JTRSY, JAAA or HYB without product-level usage data.
The deployment fits a broader shift in tokenization toward connecting fund shares with operational financial infrastructure. Franklin Templeton, for example, has linked tokenized fund shares with collateral arrangements at Bybit. The emerging model increasingly combines issuance with wallets, credit, collateral, liquidity and settlement rather than treating tokenization itself as the final product.
For Arc, the Centrifuge integration adds institutional yield-bearing assets to a network already structured around stablecoin settlement and onchain credit. What is confirmed today is infrastructure availability: JTRSY, JAAA and HYB are live and can be integrated into applications. Whether they become meaningful pieces of Arc’s lending and treasury markets will depend on measurable deposits, borrowing, collateral balances and recurring transaction activity.