Centrifuge confirmed that three tokenized funds — JAAA (AAA CLOs), JTRSY (U.S. Treasuries), and HYB (high yield credit) — are now live on its Arc institutional DeFi protocol. Access is currently restricted to non-U.S. professional investors, limiting the immediate U.S. counterparty universe. The funds span investment-grade and below-investment-grade credit alongside Treasuries, representing a broader collateral spectrum than most tokenized fund launches to date.
For Armada's crypto-repo desk, JTRSY is the most directly relevant token, as it represents tokenized U.S. Treasury exposure that could qualify under Armada's existing tokenized T-Bill collateral policy. The non-U.S. investor restriction currently limits counterparty overlap, but this may evolve. Legal should assess whether Arc-issued tokens are structurally compatible with Armada's collateral definitions, and whether Fireblocks currently supports custody of Centrifuge Arc tokens.