It gives non-US professional investors exposure to AAA-rated collateralized loan obligation tranches. A CLO bundles a large pool of corporate loans and slices it into layers by risk. The AAA layer sits at the top of that structure and carries the highest credit rating.
Their rights are governed by the fund’s offering documents, so the token is a wrapper around a conventional legal claim, not a replacement for one.
The fund began operating on July 25, 2025. It charges a management fee of 0.50%.
The numbers behind the token
JAAA’s assets under management currently sit somewhere between $580 million and $680 million. That figure has come down from more than $1 billion at an earlier peak.
The net asset value per token is around $1.05 to $1.06. Reported yields land in the low to mid 5% range.
JAAA has been deployed across several blockchains, including Ethereum, Arbitrum, Solana, Base and Avalanche.
Why Chronicle’s role matters
Chronicle’s Proof of Asset framework verifies key fund data and writes it to the blockchain, covering positions, pricing, valuations, yields and where the information came from.
Attestations run for both the standard JAAA token and its DeFi-friendly wrapper, deJAAA.
JAAA in DeFi
The deJAAA wrapper exists so the token can plug into decentralized finance protocols without friction.
Around $47 million worth of JAAA was supplied as collateral on Aave Horizon, making it the largest tokenized asset there at that point.
What this means
For professional investors outside the US, JAAA offers a way to hold high-grade CLO exposure with onchain settlement and composability. Yields in the low to mid 5% range and a 0.50% fee put it in the same conversation as other income-focused tokenized funds.
The fund is restricted to non-US professional investors, which limits its addressable market. Its assets under management have also fallen from above $1 billion to the $580 million to $680 million range.