Janus Henderson Anemoy Treasury Fund (JTRSY)
This file replaced an earlier version on 2026-09-23. Superseded the same day: the control reading stopped at the token ABI and missed the Centrifuge FullRestrictions hook every transfer calls, which can freeze a holder, and the file() setter that can replace it. The file said no freeze and not upgradeable. Same claim model, terms, and exit. Earlier versions.
Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.
The verdict is on the memo: Anemoy Capital / Janus Henderson Anemoy Treasury Fund (JTRSY) Not approved
Eligibility
Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.
- Who may hold it
Non-US professional investors.
“Open ended BVI licensed fund for non-US Professional Investors”
Anemoy Capital SPC Limited, JTRSY fact sheet, June 2026 (executive summary linked from pool metadata) · Overview · words found 2026-09-23
- First purchase minimum
500,000 USDC.
“Min. investment 500,000 USDC”
Anemoy Capital SPC Limited, JTRSY fact sheet, June 2026 (executive summary linked from pool metadata) · Key Facts table · words found 2026-09-23
- Account types
The documents we read do not state this.
Not stated in Anemoy Capital SPC Limited, JTRSY fact sheet, June 2026 (executive summary linked from pool metadata), Anemoy: JTRSY fund page, Anemoy (Martin Quensel), ”POP: Anemoy Liquid Treasury Fund 1”, Centrifuge governance forum, 2023-10-26 (raw post), ipfs.centrifuge.io.
- Who it may be transferred to
Only KYC-cleared, Centrifuge-onboarded, non-US investors may buy, sell, and hold shares, according to the 2023 launch proposal.
“AML/KYC-verified, Centrifuge-onboarded, non-US investors can purchase, sell, and hold Fund shares at any time on the layer-1 or layer-2 (“L1” and “L2,” respectively) of their choice as long as this L1 or L2 is supported by Centrifuge liquidity pools.”
Anemoy (Martin Quensel), ”POP: Anemoy Liquid Treasury Fund 1”, Centrifuge governance forum, 2023-10-26 (raw post) · Pool overview, 2023-10-26 · words found 2026-09-23
- How a holder redeems
The fund redeems daily and holds T-bills of six months or less.
“The fund balances monthly, offers daily redemptions, holds US T-Bills with a max maturity of 6-months, and focuses on maximizing interest rates and minimizing price and duration risks.”
Anemoy: JTRSY fund page · Features, Daily Liquidity · words found 2026-09-23
- Who keeps the official record
The token is the share; under BVI law it is prima facie proof of ownership, like a share certificate.
“The token represents an ownership share in the Fund. It is prima facie evidence of ownership under BVI law in the same way as a share certificate would be.”
Anemoy: JTRSY fund page · Features, Direct Ownership · words found 2026-09-23
- What the issuer says it can freeze or take back
Centrifuge, the tokenization platform, states that frozen addresses cannot send or receive tokens; Anemoy’s own documents do not say this.
“Account freezing - frozen addresses cannot send or receive tokens”
Centrifuge Docs, Token compliance (full-text export of docs.centrifuge.io); Centrifuge is the tokenization platform, not the fund issuer · Token compliance, Architecture · words found 2026-09-23
| Fact | Answer |
|---|---|
| Who onboards the holder | issuer |
| Voting rights | None |
| Distributions | reinvested |
| SIPC coverage of the wallet | No |
Who controls it
Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.
| Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|
| Ethereum | Yes | No | Yes | Yes | Yes | A contract can claw back tokens and freeze a holder. A contract can change the code with no delay. |
Who holds the keys
Ketju read every current holder of each power from the chain on 2026-09-23. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.
| Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|
| Ethereum | Ward | grant and revoke these powers, claw back tokens, mint new tokens, change the code, decide who may hold | a timelock with a 2-day delay | 0x7ed4…368f |
| Ethereum | Ward | grant and revoke these powers, claw back tokens, mint new tokens, change the code, decide who may hold | a contract | 0xec35…25ab |
| Ethereum | Ward | grant and revoke these powers, claw back tokens, mint new tokens, change the code, decide who may hold | a contract | 0x12a1…f43e |
| Ethereum | Hook ward | grant and revoke these powers, freeze a holder, claw back tokens | a timelock with a 2-day delay | 0x7ed4…368f |
| Ethereum | Hook ward | grant and revoke these powers, freeze a holder, claw back tokens | a contract | 0xec35…25ab |
Ethereum: 1 contract read, 5 functions in verified source, 2026-09-23
- hook()=0x21cdcc686fecd9fb0d3ee300e555c06497b55ecc
- checkTransferRestriction in verified source 0x8c21…4b86
- freeze in verified source 0x21cd…5ecc
- authTransferFrom in verified source 0x8c21…4b86
- mint in verified source 0x8c21…4b86
- file in verified source 0x8c21…4b86
Where it trades
| Venue | Kind |
|---|---|
| Centrifuge (Anemoy pool) | issuer primary |
Redemption
| Route | Settlement | Settles in |
|---|---|---|
| Redeem with the issuer in its window | Daily redemption through Centrifuge at the published NAV, in USDC or other stablecoins | USDC, other stablecoins |
- Anemoy publishes a minimum subscription or opens a share class to U.S. persons
- The FullRestrictions hook is replaced through file(), a freeze is used against a holder, or a pause power is added to the token
- A NAV impairment, a missed redemption, or a custodian or exchange-agent failure
- Centrifuge publishes JTRSY on Base, Arbitrum, Avalanche, Plume, BNB Chain, Solana, Monad, and Pharos; Ketju reads only the Ethereum contract until it adds those contracts
- The share register moves off Centrifuge, or the minimum or custodian changes
Daily checks
Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote, since a fund of this kind accrues a few basis points a day. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.
File history
Ketju has revised this file 2 times since filing it. Ketju keeps each earlier version as published, with the reason for the change.
| Date | Change |
|---|---|
| 2026-09-23 | Filed. |
| 2026-09-23 | Revised. Superseded the same day: the control reading stopped at the token ABI and missed the Centrifuge FullRestrictions hook every transfer calls, which can freeze a holder, and the file() setter that can replace it. The file said no freeze and not upgradeable. Same claim model, terms, and exit. |
| 2026-09-23 | Revised. Superseded to quote the issuer’s terms: the June 2026 fact sheet states a 500,000 USDC minimum and J.P. Morgan as custodian, and settlement in other stablecoins as well as USDC. |
Sources
- BVI Financial Services Commission: Anemoy Capital SPC Limited · primary · accessed 2026-08-17
Supports: BVI professional fund, non-US professional or sophisticated private investors - Anemoy: JTRSY fund page · primary · accessed 2026-09-23
Supports: BVI FSC regulated, bankruptcy-remote SPV, investments and redemptions in USDC, daily redemptions, redemption, record - Janus Henderson: partnership with Anemoy and Centrifuge · primary · accessed 2026-08-17
Supports: sub-investment manager - Centrifuge governance forum: Anemoy Liquid Treasury Fund pool onboarding proposal · primary · accessed 2026-08-17
Supports: pool structure, Pershing custody, Circle settlement - Verified implementation on Ethereum (Sourcify) · primary · accessed 2026-09-23
Supports: ERC-1404 transfer restriction check, burn from a holder address, role-gated mint, no proxy - Anemoy Capital SPC Limited, JTRSY fact sheet, June 2026 (executive summary linked from pool metadata) · primary · accessed 2026-09-23
Supports: who may-hold, minimum - Anemoy (Martin Quensel), ”POP: Anemoy Liquid Treasury Fund 1”, Centrifuge governance forum, 2023-10-26 (raw post) · primary · accessed 2026-09-23
Supports: transfer - Centrifuge Docs, Token compliance (full-text export of docs.centrifuge.io); Centrifuge is the tokenization platform, not the fund issuer · primary · accessed 2026-09-23
Supports: freeze - ipfs.centrifuge.io · primary · accessed 2026-09-23
Supports: checked for account types