WisdomTree

Franklin Templeton

Asset manager with tokenized MMF for stablecoin-grade reserves

Franklin Templeton is a global asset manager that runs the Franklin OnChain U.S. Government Money Fund (BENJI), a tokenized money market fund, and has expanded tokenized cash and reserve offerings positioned to back stablecoins under the GENIUS Act framework.

Janus Henderson

Global asset manager active in tokenized treasuries and credit

Janus Henderson is a global asset manager (~$380B AUM) that has moved into onchain finance, sub-advising the tokenized Janus Henderson Anemoy Treasury Fund (JTRSY) and the Anemoy AAA CLO Strategy (JAAA) built with Centrifuge. JTRSY holds an S&P AA+f rating, the highest given to a tokenized fund, and JAAA anchors a $1B allocation from the Sky ecosystem via Grove.

Anemoy

On-chain tokenized US Treasury fund issuer

Anemoy is a tokenized real-world-asset fund issuer founded in 2023 by Martin Quensel and Anil Sood, building fully on-chain funds on Centrifuge's blockchain. Its flagship product, now the Janus Henderson Anemoy Treasury Fund (JTRSY) managed in partnership with Janus Henderson Investors, invests in short-term US Treasury bills and has grown to hundreds of millions in assets. JTRSY received an AA+f/S1+ rating from S&P Global, the highest assigned to a tokenized fund.

Anzen Finance

Issuer of USDz private-credit-backed stablecoin

Anzen Finance issues USDz, a stablecoin backed by a diversified portfolio of tokenized private credit assets, with sUSDz as the staked yield-bearing version. Backed by Circle Ventures, Mechanism Capital and Frax. USDz experienced a depeg episode that pressured the protocol.

Apollo Global Management

Asset manager bringing private credit on-chain for yield reserves

Apollo Global Management is a leading alternative asset manager whose tokenized fund (ACRED, via Securitize) and credit strategies are used as on-chain reserve and collateral assets, positioning it among institutional asset managers backing yield-bearing dollar products.

Bitwise Asset Management

Crypto-focused asset manager and ETF issuer

Bitwise Asset Management is one of the largest crypto-specialist asset managers, offering index funds and ETFs spanning Bitcoin, Ether and broader digital asset strategies. It has filed for a Stablecoin & Tokenization ETF that pairs an equity sleeve of stablecoin issuers, payment processors and tokenization platforms with a regulated crypto-asset sleeve, giving investors structured exposure to the stablecoin and RWA economy.