WiremarketsDextape brief
Schroders Tokenizes an Emerging Markets Debt Strategy With Centrifuge in Its Solana Debut
Centrifuge says the product offers a different source of risk and return than the cash and short-term government debt that dominate onchain fixed income.
Dextape brief
On Nov. 4, Centrifuge reported that a tokenized version of one of Schroders' emerging markets debt strategies now runs on Solana, marking the asset manager's first use of that network. The product gives holders tokenized exposure to the Schroder International Selection Fund Emerging Market Bond fund. Schroders oversees more than $1 trillion in assets. Anil Sood, Centrifuge's chief strategy and growth officer, argued that onchain fixed income has so far centered on cash and short-duration government securities, while emerging markets debt carries a distinct risk and return profile. The launch follows Centrifuge's October 27 work with Janus Henderson, whose JQQQ Nasdaq-100 fund trades only on Stellar. Details on who can buy, the minimum ticket, costs, offering size and any DeFi tie-ins were left out of the announcement.
Why it matters: It signals that large traditional managers are bringing emerging markets debt strategies, beyond cash-like products, onto public blockchains.
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