In fact, @centrifuge's deRWA (tokenized RWAs in DeFi) thesis is compelling: – Institutional-grade assets (stable cash flows) in DeFi – Composability (use as collateral, LP, trade 24/7) – Transparency (on-chain verification, real-time NAV) – Accessibility (permissionless, fractional ownership) For example, if you want S&P 500 exposure, you can buy SPXAA from Centrifuge. Or, there's also deJAAA – a wrapped version of JAAA CLOs, a freely transferable and DeFi ready version of the Janus Henderson Anemoy AAA CLO Fund. ↓ – Institutional backing from Janus Henderson – Transparent NAV reporting – Integration with Centrifuge's $1.37B RWA ecosystem – Low fees: 0.50 bps – Regulatory compliance, structured for accredited investors deRWA is the thesis.