Centrifuge connects to Symbiotic Liquidity Network to provide instant USDC liquidity to $1.6 billion tokenized fund

Comparatively, according to Cointelegraph, asset tokenization platform Centrifuge announced that it will connect to the Liquid Lane liquidity network launched by Symbiotic to provide on-chain liquidity support for its three tokenized funds, covering fund products with an asset management scale of about 1.6 billion US dollars.

The consolidation involves Janus Henderson's JAAA (AAA Mortgage Bond Strategy Fund), JTRSY (Short-Term US Treasury Bond Strategy Fund), and HYB (US High Yield Corporate Bond Fund) under New York Life Investment Management (NYLIM). Through Symbiotic Liquid Lane, eligible fund holders can exchange fund tokens for USDC through the on-chain request for quotation (RFQ) marketplace to achieve instant liquidity.

The mechanism allows market makers to obtain funds from liquid vaults to meet investors' redemption needs, and then redeem fund tokens through issuers or sell them in other RFQ transactions. Centrifuge said the solution separates investors' instant access to USDC liquidity from traditional fund redemption processes, making tokenized funds more adaptable to the transaction needs of the on-chain financial market.

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