Spectra Finance Launches Fixed-Term Interest Markets on Stellar
The deployment separates principal from future yield for tokenized debt products linked to short-term U.S. Treasury bills.
Spectra Finance launched fixed-term interest markets on the Stellar network, introducing a structure that separates an asset’s principal from its future yield for onchain trading.
The deployment supports Principal Tokens and Yield Tokens. Principal Tokens can be purchased at a discount and redeemed for the underlying asset at maturity, provided the yield source does not produce negative yield. Yield Tokens provide exposure to the asset’s future variable yield.
deJTRSY is among the first supported assets. It is a tokenized debt product linked to the Janus Henderson Anemoy Treasury Fund, which holds U.S. Treasury bills with remaining maturities of zero to six months.
The product is transferable onchain and can be used in decentralized-finance applications. It is separate from the underlying Treasury fund, which is available to non-U.S. professional investors.
Spectra’s interest-rate markets on Stellar were audited by Certora, with the audit completed May 18, 2026. The Stellar deployment extends the network’s infrastructure for tokenized real-world assets into interest-rate markets.
Centrifuge also launched deJTRSY and deJAAA on Stellar with a $20 million anchor investment.
Bhaji Illuminati, CEO of Centrifuge, said the products are intended to open new distribution channels through consumer applications in emerging markets.
“The future of onchain finance isn’t about speculation, it’s about real assets powering real economies,” Illuminati said.
