Hi Leemo
Just some details:

1. In accordance with Ref# 1122 the Polkadot Community Foundation shouldn't transfer to Centrifuge but instead to Anemoy LTF (issuer).

It’s also important to note that the beneficiary wallet listed is the Polkadot Community Foundation multi-sig wallet - in no way is Centrifuge involved as an added layer of risk in being responsible for sending back the 1.5M.

2. Polkadot Community Foundation received the requested amount on 28th September 2024; since that day, the funds have never been invested until today ( 140 days from the receiving date).

what's the initial reason for these assets to be idling at asset hub for this long?

seems to me that the clear reason here for abandoning their own parachain is to cut down maintenance costs of the protocol that does not require the scalability of running its own parachain. i feel that a much more productive bargaining approach would be raising a governance vote on centrifuge about deploying contracts on polkadot q3 rather than having a bunch of fiat assets idling around in a lose-lose situation.