How the product actually works
The structure is a feeder fund, set up through Anemoy, a Centrifuge affiliate. The tokenized vehicle holds shares in an existing fund, then issues its own digital shares to investors.
The fund being wrapped is a Luxembourg UCITS sub-fund with approximately $2.3 billion in assets under management. UCITS is the European regulatory framework for retail-grade investment funds.
The tokenized shares go to qualified investors, specifically non-US professional investors. The minimum ticket is $100,000.
Settlement happens in $USDC. That means investors move stablecoins in and out rather than waiting on wire transfers.
The strategy itself is actively managed. It spans sovereign debt, corporate bonds, and local-currency exposures across emerging markets.
Why active EM debt is a step up
Most early tokenized funds stuck to short-dated Treasuries, which are simple to price, simple to explain, and simple to put on a blockchain.
Schroders brings scale to the experiment. The firm manages over $1 trillion, roughly $1.1 trillion or £867.8 billion as of June 2026, and says it has more than 50 years of experience in the space along with 40 professionals dedicated to EM debt.
Background: Centrifuge’s recent run
This is not Centrifuge’s first collaboration with a major traditional asset manager. In late October 2026, it partnered with Janus Henderson on a tokenized Nasdaq-100 fund.
Solana already hosts more than $4 billion in tokenized real-world assets, and Schroders’ arrival adds a recognizable fixed-income name to that roster.
The wider tokenized real-world asset market was reported at about $39 billion in late October 2026.
What this means
The feeder structure lets managers reach onchain investors without restructuring the original fund. The product is closed to US investors and carries a $100,000 minimum, so the audience is narrow by design.
Settling a $2.3 billion strategy’s tokenized shares in $USDC deepens the role of stablecoins as the cash leg of onchain capital markets.