Kraken Institutional is bringing RWAs into qualified custody through Centrifuge, starting with Janus Henderson's tokenized JAAA, its AAA CLO strategy. Institutions can keep JAAA in Kraken Custody while using it to earn, borrow, trade through Kraken Prime, or deploy into vaults without shifting assets to a new counterparty. The real move is collateral utility: tokenized TradFi assets get 24/7 settlement and crypto-native deployment instead of sitting on T+2 rails.

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