Monad Network Receives Institutional-Grade Tokenized Assets from Apollo and Janus via Centrifuge
In a significant development for Monad, Centrifuge is introducing institutional-grade assets including Treasurys, CLOs and private credit products from Apollo and Janus Henderson to the network.
The Monad blockchain is set to host its inaugural institutional-grade assets as Centrifuge introduces tokenized Treasurys, AAA-rated collateralized loan obligations and private credit products to the network.
In an announcement provided to Cointelegraph, the partnership encompasses tokenized investment products from Apollo Global Management and Janus Henderson, specifically JTRSY, JAAA and ACRDX. These offerings enable investors to hold fund shares onchain that constitute direct claims against underlying assets while facilitating in-kind redemption capabilities.
Additionally, Centrifuge has developed freely transferable iterations of these financial instruments (deJTRSY, deJAAA and deCRDX) specifically engineered for deployment throughout the Monad ecosystem, enabling their utilization in lending operations, collateral arrangements and secondary trading activities.
These financial instruments are built for deployment in onchain financial applications, enabling developers and protocols to incorporate institutional credit offerings into their lending platforms, trading mechanisms and liquidity management strategies while benefiting from round-the-clock accessibility and onchain settlement capabilities.
As a high-performance Layer 1 blockchain compatible with Ethereum, Monad is engineered to accommodate large-scale financial applications.
Operating as a real-world asset tokenization platform, Centrifuge converts tangible assets including credit instruments and government debt into digital tokens, making them accessible for deployment in onchain lending markets and as collateral.
Data from RWA.xyz indicates that Centrifuge oversees eight different assets representing approximately $1.76 billion in total value locked (TVL), with the bulk of this value residing on Ethereum, comprising roughly 81% of the total, while the remaining allocation is distributed across Avalanche C-Chain, Stellar, Base, Solana and BNB Chain.
Tokenization spreads from funds to equities
The tokenized real-world asset sector has evolved into a market worth multiple billions of dollars, with approximately $30 billion in assets existing onchain, predominantly consisting of Treasury debt instruments and credit products, based on data from RWA.xyz.
Among the top platforms in this space are Securitize and Ondo Finance, managing approximately $4.3 billion and $3.6 billion in assets, respectively.
Securitize provides access to various funds and private market offerings, including the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), in addition to US Treasury funds, venture capital strategies and private credit vehicles from firms such as Apollo, VanEck and Hamilton Lane.
Beyond asset issuance, the company is broadening its scope into market infrastructure development. During March, Securitize entered into an agreement with the New York Stock Exchange to build a blockchain-based trading platform designed for tokenized equities. Within this partnership, Securitize will function as a digital transfer agent, responsible for minting blockchain-based shares and contributing to the establishment of standards for compliant tokenized securities as components of a proposed round-the-clock trading venue.
During the same month, Ondo Finance formed a partnership with Franklin Templeton to introduce exchange-traded funds onchain, providing investors with access to equities, bonds and gold through cryptocurrency wallets.