Janus Henderson, a $480 billion asset manager, has taken a position in Ethena's governance token ENA through its ANTIK blockchain venture and intends to use staked USDe for cash management under a strategic partnership announced Tuesday. The firm also committed to working with Ethena on regulated investment vehicles for USDe and ENA, potentially including exchange-traded funds and exchange-traded products, expected to launch in the second half of 2026. The partnership aims to expand institutional access to tokenized financial infrastructure, with Ethena founder Guy Young stating the collaboration will bring Ethena's products to institutional investors in a way that is accessible, familiar, and built for scale.
Janus Henderson and Ethena Target H2 2026 Launch for Regulated Investment Vehicles
Janus Henderson committed to working with Ethena on regulated investment vehicles for USDe and ENA, potentially including exchange-traded funds and exchange-traded products, expected to launch in the second half of 2026, according to a statement shared with The Block on Tuesday. Ethena founder Guy Young said in the statement that the partnership with one of the world's leading asset managers will be instrumental in bringing Ethena's products to institutional investors in a way that is accessible, familiar, and built for scale.
Ethena Integrates Janus Henderson's JAAA Strategy into USDe Reserve Portfolio
As part of the partnership, Ethena is integrating Janus Henderson's JAAA strategy into USDe's reserve portfolio. The strategy, managed by Janus Henderson, invests in AAA-rated collateralized loan obligations and has been positioned by the firm as part of its broader push into tokenized real-world assets through partnerships with blockchain infrastructure providers, including Centrifuge.
Janus Henderson Entered Tokenization in September 2024, Partners with Grove's Basin
Janus Henderson began moving into tokenization as early as September 2024, following BlackRock and Fidelity International into onchain capital markets when it took over management of the $11 million Anemoy Liquid Treasury Fund, a tokenized fund investing in short-term U.S. Treasury bills. The asset manager is also listed as a partner alongside BlackRock in Grove's Basin infrastructure, which launched last month with up to $1 billion in daily stablecoin liquidity capacity. The framework is designed to support instant liquidity for tokenized real-world assets through onchain credit facilities.
ENA Trading Near $0.08, Down 6.8% Over Past 24 Hours
ENA is currently trading near $0.08, down roughly 6.8% over the past 24 hours, according to The Block's ENA price page.
FAQ
What did Janus Henderson announce in its partnership with Ethena?
Janus Henderson announced it has taken a position in Ethena's governance token ENA through its ANTIK blockchain venture and intends to use staked USDe for cash management. The firm also committed to working with Ethena on regulated investment vehicles for USDe and ENA, potentially including exchange-traded funds and exchange-traded products, expected to launch in the second half of 2026.
What is Janus Henderson integrating into USDe's reserve portfolio?
Janus Henderson is integrating its JAAA strategy into USDe's reserve portfolio. The JAAA strategy, managed by Janus Henderson, invests in AAA-rated collateralized loan obligations and is part of the firm's broader push into tokenized real-world assets through partnerships with blockchain infrastructure providers, including Centrifuge.
When did Janus Henderson begin moving into tokenization?
Janus Henderson began moving into tokenization as early as September 2024, when it took over management of the $11 million Anemoy Liquid Treasury Fund, a tokenized fund investing in short-term U.S. Treasury bills.
