Centrifuge Partners with Chronicle for Enhanced Transparency

Centrifuge, the decentralized finance capital management platform, is partnering with oracle provider Chronicle to enhance transparency for the recently launched Anemoy Liquid Treasury Fund. The real-time data network Chronicle will provide price updates and third-party verification to provide better insight into the onchain fund’s portfolio and fund flows.

Anemoy Background

Anemoy, built in 2023 on the Ethereum- and Polkadot-compatible Centrifuge public blockchain, recently tapped Janus Henderson, an asset manager with over $360 billion in assets under management, to run the compliance-focused startup’s tokenized U.S. Treasurys fund, co-founders Anil Sood and Martin Quensel told The Block in an interview.

Importance of the Partnership

“Our partnership with Centrifuge and Anemoy demonstrates how decentralized oracles can bring a new level of trust and transparency to real-world assets,” said Nik Kunkel, founder of Chronicle. He added that the Ethereum-based oracle provides an “unopinionated, verifiable view” into the fund’s performance.

Moody’s Rating

Moody’s recently assigned Anemoy's Liquid Treasury Fund the highest ever tokenized Treasurys rating: Aa-bf, the second highest rating on its scale. The rated bond funds hold assets "judged to be of high quality," according to the rating agency’s standards. Moody's stated that bond fund ratings are not credit ratings but an opinion on the maturity-adjusted weighted average credit quality of a fund's investment portfolio.

Fund Structure

Quensel noted, “We actually didn't know that the structure we have chosen [for LTF] is exactly the structure BlackRock would use as its BUIDL token two months later — that was a positive surprise and a good coincidence.” The fund provides exposure to short-term US Treasury bills and is managed on the Anemoy subsidiary platform Tabula.

Anemoy Overview

Anemoy, named after minor Greek gods of wind (spelled Anemoi), supports the entire lifecycle of onchain asset management, including origination, tokenization, securitization, management, and distribution.

Janus and the Crypto Industry

Its tie-up with Janus represents the U.K. financial behemoth’s first step into the crypto industry, following experiments with real-world assets from rival money managers like BlackRock, Franklin Templeton, and WisdomTree.

Exchange Inclusion

U.K.-based asset broker and custodian Archax recently added Anemoy’s Liquid Treasury Fund to its primary digital securities exchange platform.