Centrifuge Joins Aave Labs in Launching Horizon, Increasing RWA Liquidity

Today marks an important milestone for tokenized real-world assets: Aave Labs has officially launched Horizon, its new institutional platform for borrowing stablecoins against tokenized assets.

Centrifuge is proud to be a launch partner, bringing two flagship funds into Horizon’s markets:

• Janus Henderson Anemoy AAA CLO Fund (JAAA)
• Janus Henderson Anemoy Treasury Fund (JTRSY)

For the first time, Aave users can borrow stablecoins against these tokenized funds, unlocking real-time liquidity for high-quality, institutional-grade assets.

Why Horizon matters

Institutional adoption of tokenization has accelerated: more than $25B in RWAs are already tokenized, but many remain idle, locked in legacy systems that don’t connect to liquid markets.

Horizon changes that. Built on Aave, the world’s most trusted DeFi protocol, Horizon introduces:

• 24/7 stablecoin borrowing against tokenized Treasuries, CLOs, and other funds
• Automated compliance and issuer-level permissioning
• Access to Aave’s deep, decentralized liquidity

This is where Centrifuge comes in.

Centrifuge’s role

Centrifuge and Aave have a long history: back in 2021, we launched the first-ever RWA lending market together. Horizon is the next chapter in that journey.

By bringing JAAA (the first onchain AAA-rated CLO fund, launched with $1B allocation) and JTRSY (a fast-growing tokenized U.S. Treasuries fund) into Horizon, we’re showing what happens when regulated institutional funds meet DeFi-native infrastructure.

These funds don’t just sit onchain as tokens, they become programmable collateral. With Horizon, they can now be used directly to borrow stablecoins. That unlocks liquidity for institutions to finance operations, manage treasury needs, or pursue DeFi-native strategies.

As Bhaji Illuminati, CEO of Centrifuge, said in the official release:

“The true potential of RWAs isn’t just in tokenization, it’s in what you can do once those assets are onchain. Horizon is a powerful example of how real-world assets can gain utility, liquidity, and composability when paired with purpose-built DeFi infrastructure.”

The bigger picture

Horizon signals something bigger than just a new platform. It’s part of a structural shift:

• RWA are no longer a niche experiment, they’re becoming core collateral in onchain markets.
• The boundaries between TradFi and DeFi are dissolving: regulated funds now tap into decentralized liquidity.
• Centrifuge is at the center of this shift, bridging institutional-grade assets with open, composable DeFi rails.

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