Asset management firm Janus Henderson has taken over the management of the $11 million Anemoy Liquid Treasury Fund, which has been tokenized. The move comes as other Wall Street giants, including BlackRock and Fidelity, are also tokenizing financial products. Janus Henderson is utilizing a British Virgin Islands-based fund catering to non-US professional investors. The shift toward blockchain technology is driven by cost and efficiency benefits, as blockchain eliminates intermediaries and streamlines processes. The fund's tokens yield more than 5%, making them an attractive alternative to stablecoins. Janus Henderson plans to expand its tokenized offerings to include music-based intellectual property. The rise of tokenization is seen as a major disruption to the traditional mutual fund and ETF industries. Institutional adoption of tokenization is increasing rapidly, with investments pouring into tokenization infrastructure. However, there is skepticism among true blockchain believers about whether institutions should enter the decentralized finance (DeFi) world or stick to centralized blockchain systems. While decentralization is seen as unrealistic, tokenization is expected to continue to grow and dominate the financial industry in the coming years.



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