{"slug":"private-credit-token-yields","question":"How much do private credit tokens yield, and what risk am I taking for the extra return?","answer":"4 private credit tokens in our data state a yield.","shortAnswer":"4 private credit tokens in our data state a yield. The highest right now is CUSHY from Coinbase Asset Management, LLC / Superstate at 30-Day yield 8.11% as of Aug 31, 2026; targets SOFR + 400-700bps+. The range runs from 3.00% (CENTRIFUGE) to 8.11%. 2 of them can be bought on a DEX without KYC. Yields are variable and not guaranteed.","asOf":"2026-10-19","faq":[{"q":"Which one has the lowest minimum?","a":"JAAA (Janus Henderson (Centrifuge / Anemoy)), with no minimum. The highest stated minimum here is CUSHY, with minimum $100,000."},{"q":"Which of them can I buy without KYC?","a":"2 of 4 can be bought on a DEX without identity verification: syrupUSDC, CENTRIFUGE. For the rest, the source does not state the secondary-market gate."},{"q":"Where does the yield come from?","a":"JAAA: Interest from AAA-rated floating-rate CLOs. syrupUSDC: Institutional, over-collateralized lending. CENTRIFUGE: Institutional RWA credit portfolios."},{"q":"Which is the largest?","a":"By size, CENTRIFUGE at $1.5B, followed by syrupUSDC at $1.4B and JAAA at $438M. Size is not safety, but a larger product usually means a deeper market to sell into."},{"q":"How risky are they?","a":"JAAA: Low. syrupUSDC: Medium. CENTRIFUGE: Medium. The risk label is ours, in plain language, and is explained on each token page."},{"q":"Are these yields fixed?","a":"4 of 4 are variable: the rate moves with markets and is not guaranteed. The figures on this page were last checked between 2026-07-23 and 2026-10-19."}],"count":4,"rows":[{"ticker":"CUSHY","name":"Coinbase USD Stablecoin Yield Fund (Coinbase Tokenized Stablecoin Yield US Feeder Fund LTD)","issuer":"Coinbase Asset Management, LLC / Superstate","category":"Private Credit","yield":"30-Day yield 8.11% as of Aug 31, 2026; targets SOFR + 400-700bps+","yieldPct":8.11,"yieldKind":"variable","minimumUsd":100000,"size":null,"chains":"Solana / Base","country":"USA","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":"HSWt2izBvgNnxG982DcsysGikDnrgSq3EAWMYCSMGziP","source":"https://superstate.com/assets/cushy","lastVerified":null,"tier":"imported","page":"https://tokenbank.world/token/CUSHY","json":"https://tokenbank.world/api/tokens/CUSHY"},{"ticker":"JAAA","name":"Janus Henderson Anemoy AAA CLO Fund","issuer":"Janus Henderson (Centrifuge / Anemoy)","category":"Private Credit","yield":"~5.8% (stated by Anemoy, undated)","yieldPct":5.8,"yieldKind":"variable","minimumUsd":0,"size":"$438M","chains":"Ethereum / Base / Solana (deJAAA)","country":"US (Janus Henderson) / decentralized rails","kycSecondary":"unknown","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://www.anemoy.io/funds/jaaa","lastVerified":"2026-10-19","tier":"curated","page":"https://tokenbank.world/token/JAAA","json":"https://tokenbank.world/api/tokens/JAAA"},{"ticker":"syrupUSDC","name":"Maple Syrup USDC","issuer":"Maple Finance","category":"Private Credit","yield":"~5.14%","yieldPct":5.14,"yieldKind":"variable","minimumUsd":0,"size":"$1.36B","chains":"Ethereum / Solana / Base","country":"Global","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://app.rwa.xyz/assets/syrupUSDC","lastVerified":"2026-10-18","tier":"curated","page":"https://tokenbank.world/token/syrupUSDC","json":"https://tokenbank.world/api/tokens/syrupUSDC"},{"ticker":"CENTRIFUGE","name":"Centrifuge RWA Vaults","issuer":"Centrifuge (vaults per manager)","category":"Private Credit","yield":"~3-6% (per vault, variable)","yieldPct":3,"yieldKind":"variable","minimumUsd":0,"size":"~$1.5B+ across vaults","chains":"Ethereum / Avalanche (+)","country":"Decentralized protocol","kycSecondary":"none","maturity":null,"lifecycle":"live","isin":null,"contract":null,"source":"https://centrifuge.io","lastVerified":"2026-07-23","tier":"curated","page":"https://tokenbank.world/token/CENTRIFUGE","json":"https://tokenbank.world/api/tokens/CENTRIFUGE"}],"programs":[],"underlyings":[],"sources":[],"_links":{"page":"https://tokenbank.world/answers/private-credit-token-yields","index":"https://tokenbank.world/api/v1/answers"},"_citation":"TokenBank, “How much do private credit tokens yield, and what risk am I taking for the extra return?”, https://tokenbank.world/answers/private-credit-token-yields (data as of 2026-10-19), CC BY 4.0.","_license":"CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/","_disclaimer":"Computed from sourced data; yields are variable and not guaranteed. Not investment advice. Verify each row’s source before relying on it."}