Centrifuge and Resolv said on Feb. 25 that they are deploying up to $100 million of JAAA, a tokenized AAA-rated credit fund, as leveraged collateral on Aave Horizon – marking decentralized finance’s (DeFi) largest real-world asset (RWA) loop trade to date.
Resolv – a protocol that maintains the USR stablecoin with a total value locked of $162 million – is adding JAAA (an on-chain version of Janus Henderson’s AAA-rated CLO investment fund) to its system using Centrifuge’s tokenization technology. Centrifuge currently has a TVL of $1.35 billion.
Instead of just holding the fund, Resolv will use JAAA as collateral inside Aave’s lending markets to generate yield and support its stablecoin. Aave is the largest DeFi protocol, with nearly $28 billion in total value locked, according to DeFiLlama, while Aave Horizon is its institution-focused deployment.
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