Anemoy Capital

Anemoy Capital receives a B- risk grade (34/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — oracle and bridge dependencies are balanced by institutional partnerships with Janus Henderson, S&P rating, and regulated fund structure. Anemoy Capital is a web3-native asset manager built on Centrifuge that tokenizes real-world assets including US Treasury bills, credit funds, and an S&P 500 index fund, with approximately $567M in total value locked across its fund products. Partnered with Janus Henderson and rated by S&P Global, its B- grade reflects moderate risk primarily driven by oracle dependency on Chronicle Protocol for NAV pricing, cross-chain bridge risk via LayerZero for multi-chain fund access, and the inherent counterparty risk of off-chain asset custody balanced by institutional-grade partnerships and regulatory oversight from BVI financial authorities.

The key risks identified for Anemoy Capital are: (1) Fund NAV pricing depends on Chronicle Protocol's RWA Oracle to report accurate on-chain values. If the oracle experiences delays or errors, fund tokens could temporarily trade at incorrect prices, though Chronicle's cryptographic Proof of Asset framework provides verification of underlying holdings. (2) Cross-chain access to fund tokens on Ethereum, Solana, and other chains relies on LayerZero messaging infrastructure. Bridge failures could temporarily strand tokens on non-native chains and delay redemptions, though the Centrifuge deRWA token standard is purpose-built for this use case. (3) Underlying assets including US Treasuries and credit instruments are custodied by traditional financial institutions, introducing off-chain counterparty risk that cannot be mitigated by smart contracts alone. Bureau Veritas audits and S&P ratings provide independent oversight. (4) Instant redemption liquidity of $125M covers roughly 22% of total AUM. During periods of elevated redemption demand, holders may face delays or gating, though the Anemoy Liquidity Network provides additional same-day liquidity.

Anemoy Capital scores 34/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 5/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 4/15, Scale Exposure: 7/10, Regulatory Risk: 6/10, Vitality Risk: 3/10. The highest risk area is Scale Exposure at 7/10.

Among 73 rated RWA protocols on Hindenrank, Anemoy Capital ranks #25 by safety (lowest risk score = safest). Its 34/100 risk score and B- grade place it among the safer RWA protocols.

Anemoy Capital scores 4/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.