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Centrifuge’s JAAA Becomes the Largest Tokenized Asset on Aave Horizon

Glowing JAAA token towers above a digital Aave Horizon vault, with network lines signaling tokenized collateral.

Centrifuge said JAAA is now the largest tokenized asset supplied as collateral on Aave Horizon, with roughly $47 million deposited on the platform.

The project said the position also enables RLUSD borrowing at rates as low as 2.68%. The claim points to growing use of the tokenized Janus Henderson AAA CLO fund within Aave’s permissioned institutional market, where approved participants can post tokenized real-world assets as collateral.

A separate onchain tracker listing for Aave Horizon also shows JAAA as the largest tokenized RWA collateral asset on the market, supporting the same general ranking. The figure has been described as moving around in recent weeks, but the latest reading places JAAA at the top of the deposits table.

The development is notable because it reflects a specific role for the tokenized share class inside a targeted lending venue rather than a broad claim about the fund’s overall size or usage. The deposit level appears to be enough to make JAAA the largest tokenized collateral asset on the platform, even if it remains only a fraction of the fund’s broader assets under management.