Janus Henderson, a prominent asset manager with $450 billion under management, has launched a liquid Treasury fund on blockchain in collaboration with Centrifuge. This initiative marks a significant step in the tokenization of real world assets (RWA), a trend gaining traction in the financial industry. The fund quickly amassed $400 million in assets, and the firm's JAAA strategy has since expanded to $750 million. Tokenization offers benefits such as instant settlement, enhanced transparency, and access to decentralized finance, potentially transforming traditional finance. As the industry evolves, the adoption of blockchain technology by established financial institutions remains a critical question.