Centrifuge and Pendle bring fixed-rate markets to tokenized real-world assets on Base

The partnership pairs Pendle's yield-splitting mechanics with Centrifuge's tokenized credit, starting with a product tied to Janus Henderson's AAA CLO strategy Centrifuge and Pendle Finance are teaming up to build fixed-rate markets for tokenized real-world assets on Base. The partnership was announced on November 3, 2026. The collaboration combines Centrifuge’s tokenization infrastructure with Pendle’s signature trick: splitting a yield-bearing asset into two parts. Pendle turns those slices into separate tokens. The principal token (PT) lets holders secure a fixed yield. The yield token (YT) lets traders speculate on the floating yield the asset may produce. The first product in the lineup is Centrifuge’s deJAAA. It is tied to Janus Henderson’s AAA collateralized loan obligation (CLO) strategy, which manages over $30 billion.

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