What Anemoy does

Anemoy is a web3-native asset manager that issues and operates regulated tokenized real-world asset (RWA) funds on the Centrifuge blockchain protocol. Headquartered in Ireland, the company was founded to bridge traditional finance and DeFi by packaging institutional-grade investment products—including U.S. Treasury Bills, AAA-rated Collateralized Loan Obligations, the S&P 500 Index, and Apollo's diversified credit strategy—into onchain fund vehicles. Anemoy serves institutional investors, DeFi protocols, DAO treasuries, and crypto-native institutions seeking stablecoin-denominated, daily-liquid exposure to traditional asset classes, targeting the estimated hundreds of billions in idle stablecoins held by crypto-native entities as well as TradFi allocators exploring onchain capital markets.

Anemoy's core product suite includes JTRSY (a tokenized short-duration U.S. Treasury Bills fund), JAAA (the world's largest AAA CLO strategy tokenized onchain), SPXA (the first licensed tokenized S&P 500 Index Fund, launched on Base in September 2025), and ACRDX (a tokenized feeder fund providing access to Apollo's Diversified Credit strategy on Plume). The funds are built on Centrifuge's tokenization infrastructure, which includes Proof-of-Index technology for verifiable onchain index data, the ERC-7540 token standard for fund share issuance, and integrations with Wormhole for cross-chain interoperability and Chronicle for institutional-grade oracles. JTRSY holds the highest rating ever awarded to a tokenized fund—AA+f/S1+ from S&P Global Ratings—alongside Aa from Moody's and AA+ from Particula. Funds are deployed multichain across Ethereum, Base, Arbitrum, Polkadot, and Plume, with subscriptions and redemptions in USDC.

Anemoy's revenue model is based on management and operational fees earned on assets under management within regulated BVI fund structures, with Janus Henderson (~$379B AUM) serving as sub-investment manager for JTRSY and JAAA. Distribution is institutional-grade and partner-driven, combining direct onchain access via whitelisted wallets on the Centrifuge App with channel relationships including Grove (Sky Ecosystem anchor investor providing $1B to JAAA and $50M to ACRDX), Apollo, Wintermute (24/7 liquidity), Finoa (custody), Archax (exchange listing), and Ozean/Plume vault products. The company was co-founded by Martin Quensel (also co-founder of Centrifuge) and Anil Sood (former Goldman Sachs, Morgan Stanley, Barclays, and Cantor Fitzgerald, who joined via the June 2024 acquisition of NBRHD Capital).

Name

Anemoy

Legal name

Anemoy Limited

Website

https://anemoy.io

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Anemoy is a web3-native asset manager that issues tokenized institutional-grade real-world asset funds—including U.S. Treasuries, AAA CLOs, the S&P 500 Index, and private credit—on Centrifuge, serving DeFi protocols, DAO treasuries, and crypto-native institutions.

Ownership category

akta.pro rank

Product category

Tokenized Real-World Asset Management

NAICS

Open-End Investment Funds (525910), Open-End Investment Funds (52591), Other Financial Vehicles (525990)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)

akta.pro secondary industries

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Borrowing/Lending Risk & Credit Infrastructure (on-chain credit scoring, risk engines, insurance wrappers) (FSAPAEAI), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)

Keywords

• Tokenized real-world assets
• Onchain asset management
• Tokenized treasury funds
• Blockchain fund tokenization
• Institutional crypto asset management

Headquarters

HQ city

Skerries

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Fund Management / Tokenized Asset Management: Anemoy acts as the investment manager and issuer of tokenized funds. Revenue is derived from management and operational fees associated with running regulated tokenized funds (JTRSY, JAAA, SPXA, ACRDX) onchain. The funds are regulated BVI structures for non-US professional investors, with Janus Henderson serving as sub-investment manager for certain funds.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Anemoy is a web3-native asset manager that issues and manages regulated tokenized real-world asset funds (JTRSY, JAAA, SPXA, ACRDX) on the Centrifuge blockchain protocol. Each fund is structured as a BVI-regulated vehicle with daily stablecoin (USDC) subscriptions and redemptions, onchain NAV transparency, and institutional sub-investment oversight (notably by Janus Henderson). Shares are issued as ERC-20 tokens per the proposed ERC-7540 standard, enabling multichain distribution across Ethereum, Base, Arbitrum, Polkadot, and Plume.

Product overview

Anemoy is a web3-native asset manager offering a portfolio of tokenized real-world asset funds powered by Centrifuge's blockchain infrastructure. The core product suite includes three institutional-grade funds: JTRSY (tokenized U.S. Treasury Bills with daily liquidity), JAAA (tokenized AAA CLOs), and SPXA (first tokenized S&P 500 Index Fund). Additional products include ACRDX (Apollo Diversified Credit) and a DeFi Yield Fund of Funds. All funds are built on Centrifuge's tokenization platform, support multichain deployment, offer stablecoin subscriptions/redemptions, and integrate with cross-chain protocols like Wormhole and oracle networks like Chronicle for real-time data.

Differentiator

Problem solved

Functional benefit

Brands

• Janus Henderson Anemoy Treasury Fund (JTRSY): Regulated, fully onchain actively managed fund for direct access to <6 month US Treasury Yield
• Janus Henderson Anemoy AAA CLO Fund (JAAA)
• Janus Henderson Anemoy S&P 500 Fund (SPXA)
• Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX)

Products and services

• JTRSY (Janus Henderson Anemoy Treasury Fund) Regulated, fully onchain actively managed fund providing direct access to short-duration U.S. Treasury Bills (max 6-month maturity) for non-US professional investors. Offers daily liquidity in USDC, transparent onchain NAV reporting, and institutional-grade ratings (AA+f/S1+ from S&P Global Ratings, Aa from Moody's, AA+ from Particula). Issued as ERC-20 tokens following the proposed ERC-7540 standard.
• JAAA (Janus Henderson Anemoy AAA CLO Fund) Tokenized AAA-rated Collateralized Loan Obligations fund bringing institutional securitized credit onchain. Actively managed by Janus Henderson's securitized-credit specialists with a ~5.8% target yield, exposure to hundreds of underlying loans across multiple industries, regulated as an open-ended BVI fund, and the fastest tokenized fund to reach $1B AUM.
• SPXA (Janus Henderson Anemoy S&P 500 Index Fund) The first licensed tokenized S&P 500 Index Fund, providing diversified U.S. large-cap equity exposure through a passively managed portfolio tracking the S&P 500 Index. Built on Centrifuge's Proof-of-Index infrastructure, with official S&P Dow Jones Indices daily index files referenced onchain in a cryptographically verifiable manner.
• ACRDX (Anemoy Tokenized Apollo Diversified Credit Fund) Tokenized feeder fund providing onchain access to Apollo's Diversified Credit strategy, which invests across corporate direct lending, asset-backed lending, performing credit, and dislocated credit. Built with Centrifuge and deployed on Plume via the Nest Credit vault protocol.
• DeFi Yield Fund of Funds Onchain fund of funds providing diversified DeFi yield exposure across multiple onchain yield strategies, offered to investors seeking tokenized access to a basket of decentralized finance yield sources.

Quantifiable outcome

• JTRSY surpassed $440M in TVL within weeks of major catalyst events (Spark Tokenization Grand Prix win)
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

13 partnerships are on record, tiered core, secondary and flagship.

• WormholecoreTechnology or Integration · 25 September 2025Wormhole serves as the exclusive multichain provider enabling seamless movement of SPXA (and other Anemoy products) across supported chains, ensuring cross-chain interoperability and liquidity.
• Clearpool / OzeancoreTechnology or Integration · 8 April 2025Clearpool's Ozean is an RWA-focused blockchain. Centrifuge partnered with Ozean to bring JTRSY and other Anemoy funds to Port, Ozean's vault product for yield-generating assets. The partnership uses an Exchange-Traded Pool (ETP) structure to simplify and diversify onchain yield strategies.
• WintermutecoreTechnology or Integration · 27 February 2025Wintermute, a leading global algorithmic trading firm and liquidity provider, partnered with Anemoy to advance liquidity in RWAs. The partnership establishes a 24/7/365 liquidity framework for JTRSY, enabling institutional-grade instant redemptions. Wintermute Ventures is also an investor in Centrifuge.
• ChroniclecoreTechnology or Integration · 24 September 2024Chronicle is an institutional-grade oracle network providing transparent, real-time onchain data for Anemoy's onchain Treasury fund (JTRSY). Chronicle ensures verifiable data feeds for NAV reporting and fund operations.
• ArchaxsecondaryChannel Partner/ Reseller/ Distributor · 17 September 2024Archax listed the Anemoy/Centrifuge liquid treasury token (JTRSY), providing exchange-based access to the tokenized T-bill fund for institutional and crypto-native investors.
• Janus HendersoncoreStrategic or Co-development Partner · 13 September 2024Janus Henderson serves as sub-investment manager for Anemoy's JTRSY and JAAA funds, bringing 90-year investment excellence and $379B AUM (as of Dec 2024) to the partnership. Janus Henderson's wholly owned subsidiary Tabula manages day-to-day fund operations. The partnership aims to bring high-quality traditional financial products to onchain capital markets.
• FinoasecondaryChannel Partner/ Reseller/ Distributor · 28 February 2024Finoa, a crypto custodian, offers Centrifuge's/Anemoy's tokenized T-Bill fund to its institutional clients, extending distribution through Finoa's existing custody client base.
• CentrifugecoreTechnology or IntegrationCentrifuge is the foundational blockchain infrastructure powering Anemoy's tokenized asset management. Anemoy was established specifically to advance Centrifuge's efforts in developing RWA products for bridging TradFi and DeFi. Centrifuge enables Anemoy to tokenize, manage, and distribute fund products onchain, with Anemoy Co-Founder Martin Quensel also co-founding Centrifuge.
• PlumecoreTechnology or IntegrationPlume is the first full-stack chain purpose-built for real-world assets. ACRDX and other Anemoy funds are deployed on Plume, which provides RWA-optimized blockchain rails and multichain distribution for tokenized products.
• ApolloflagshipStrategic or Co-development PartnerApollo partnered with Anemoy and Centrifuge to launch ACRDX, a tokenized feeder fund providing onchain access to Apollo's Diversified Credit strategy investing across corporate direct lending, asset-backed lending, performing credit, and dislocated credit. Christine Moy, Partner at Apollo and Head of Digital Assets, Data and AI Strategy, leads the collaboration.
• S&P Dow Jones IndicesflagshipStrategic or Co-development PartnerS&P DJI licensed its indices (S&P 500) to Anemoy for use in the first-ever tokenized Index Fund. S&P DJI's official daily index files are referenced onchain via Centrifuge's Proof-of-Index infrastructure, making SPXA the first S&P 500 Index Fund licensed for onchain use.
• Sky EcosystemflagshipStrategic or Co-development PartnerSky (formerly MakerDAO) approved a $1 billion allocation for Janus Henderson's onchain fund using Grove infrastructure. Sky's protocol underpins USDS stablecoin and leads RWA adoption in DeFi. Anemoy's products are integrated into the Sky Ecosystem as RWA building blocks.
• Steakhouse FinancialcoreStrategic or Co-development PartnerSteakhouse Financial incubated Grove and is a capital partner supporting Anemoy's fund products. Steakhouse provides foundational financial infrastructure for the Sky Ecosystem's RWA initiatives.

Scale indicators12 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Centrifuge: Anemoy's foundational protocol partner; both originate and tokenize real-world asset funds on Centrifuge's infrastructure, share co-founder lineage, and compete for the same tokenized-Treasury/credit mandates from DeFi treasuries.
• OpenEden: Tokenized T-Bill fund (USDO) with onchain treasury bill exposure targeting similar DeFi and institutional investors, competing head-on with JTRSY on yield, ratings, and stablecoin redemption.
• Securitize: End-to-end RWA tokenization platform offering fund issuance, transfer agent, and distribution services — competes directly with Anemoy/Centrifuge for institutional asset manager mandates bringing funds onchain.
• Ondo Finance: Tokenized U.S. Treasury and fixed-income products (OUSG, OMMF) aimed at crypto-native and institutional capital — same product category as JTRSY with overlapping investor base and stablecoin subscription mechanics.
• Backed Finance: Issues tokenized securities tracking equities, bonds, and other RWAs on public chains, overlapping with SPXA-style tokenized index products and regulated onchain fund structures.

Broad incumbents

• Sky (formerly MakerDAO): Major allocator and protocol-level partner of Anemoy's products; operates RWA-focused vaults and a stablecoin (USDS) that compete for the same treasury capital and increasingly offer direct onchain fund exposure.
• WisdomTree: Established asset manager with a tokenized money-market and fixed-income product line and regulated European fund structures — comparable to Anemoy's BVI-structure approach and institutional distribution model.

Emerging players

• Libre Capital: Tokenized alternative investment platform offering onchain access to hedge funds, private credit, and institutional strategies — adjacent to Anemoy's diversified credit (ACRDX) and alternative RWA ambitions.
• Maple Finance: Onchain credit marketplace offering institutional and crypto-native lending products; overlaps with the credit/income side of Anemoy's JAAA and ACRDX offerings.

Others

• Apollo (Digital Assets): Strategic partner providing underlying credit strategy for ACRDX and the source of Anemoy's institutional credit distribution; relevant as both an enabler and a potential competitor replicating onchain distribution in-house.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/anemoy

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anemoy