In the cryptocurrency world, a significant step has been taken. Centrifuge, a startup specializing in blockchain-based tokenized real-world assets (RWA), has teamed up with Coinbase and Morpho to create a new credit market. This market aims to provide instant liquidity to institutional investors through tokens backed by U.S. Treasury bonds.
The Power of Tokenized Assets UnleashedThe innovative credit market will operate on Coinbase’s Ethereum-based Base network. Tokenized Treasury bonds, such as Centrifuge’s Anemoy Liquid Treasury Fund (LTF) and Hashnote’s U.S. Yield Coin (USYC), will be used as collateral in this market. The system established by Morpho will offer investors a secure borrowing environment.
Centrifuge implemented the idea of tokenizing real assets on the blockchain in 2017. However, at that time, these assets faced liquidity issues. In recent years, assets like short-term Treasury bonds have enabled the credit market to thrive. Lucas Vogelsang, one of the founders of Centrifuge, stated that this market aims to provide more benefits to tokenized assets in collaboration with Morpho.
According to Vogelsang, if you own a Treasury bond and need liquidity for a few hours or days, you can access instant liquidity in this market without going through a lengthy and costly process to reclaim your tokenized asset.
A New Era May BeginThe collaboration between Centrifuge, Coinbase, and Morpho also introduces the use of Coinbase Verifications in the permissioned lending market for the first time. The innovation makes the process more secure by allowing Coinbase customers to verify their KYC (know your customer) information through the Ethereum Attestation Standard.
The partnership accelerates the digitalization of traditional financial instruments by popularizing the use of tokenized assets in the financial world. Investors will now have the chance to create a more flexible and efficient financial structure by accessing instant liquidity through blockchain. This new credit market, managed by Morpho Vaults, Steakhouse Financial, and Re7 Labs, stands out as a harbinger of significant transformation in the financial world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Real-world asset tokenization firm Centrifuge has launched a new lending market in collaboration with MorphoLabs and Coinbase's layer-2 blockchain, Base
Real-world asset tokenization firm Centrifuge has launched a new lending market in collaboration with MorphoLabs and Coinbase's layer-2 blockchain, Base.
This initiative marks a significant development in onchain institutional lending, leveraging Coinbase attestations for the first time. The Morpho Vaults, which are now live, require users to create a Coinbase account, allowing seamless access to gated RWA vaults by Centrifuge.
The vaults are curated by Steakhouse Financial and Re7 Capital and include collateral from Centrifuge, Midas RWA, and Hashnote Labs. This collaboration aims to bring institutional-grade lending to the blockchain ecosystem.
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Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple objectives.
Centrifuge Wants Polkadot To Invest $3 Million In T-Bills In their proposal, allocating the $3 million to T-Bill as an investment will benefit the broader ecosystem. Of note, it will help boost the long-term sustainability of the Polkadot Treasury. This is because the T-Bill pool will generate stable yields from real-world assets, thereby further increasing the financial health of the Treasury.
Though the funds will be from the foundation, Centrifuge argues that injecting the $3 million USDC into the T-Bill pool will help increase the network’s total value locked (TVL). Subsequently, this will also expand the Treasury’s assets.
The foundation might consider investing in RWAs, as proposed by Centrifuge, as it could foster the growth of this technology within Polkadot, pushing adoption and growth as a result.
Laying out their proposal, Centrifuge said if the foundation decides to invest, it would align with their previous investment in the Anemoy Liquid Treasury Fund. In turn, this may offer a unique opportunity for Polkadot to diversify and expand its investment basket. It is especially now that tokenization and RWA is picking up momentum.
RWA Picking Up Steam, Will DOT Reverse Losses? BlackRock, one of the top asset managers in the world, is one of the leaders in tokenizing treasury bills. On Ethereum, the manager has launched BUIDL, a platform where institutions can invest in tokenized Treasury bills. As of September 10, BUIDL is the largest tokenized Treasuries provider, managing over $514 million, according to RWA.xyz.
BlackRock BUIDL TVL | Source: RWA.xyz The proposal is so far garnering community support. Roughly a week before the decision, over 53% agreed with this proposal. However, some community members are expressing concerns.
Most of them point to the potential risks and the negative implications of this on the network’s Treasury. One concern is that if this is approved, it could increase DOT spending requests, eventually depleting its reserves.
While the prospect of RWA taking off in Polkadot is bullish, DOT is still under pressure. From the daily chart, DOT is down roughly 65% from March highs. It is also in a descending channel and retesting multi-month support.
Polkadot price trending downward on the daily chart | Source: DOTUSDT via Binance, TradingView The primary support lies at around $3.5. On the upper end, resistance is at $5. A break above this line will lift sentiment, propelling the coin towards $6.5 in a buy trend continuation formation.
Feature image from Unsplash, chart from TradingView
Anemoy, a tokenized securities issuer powered by on-chain finance platform Centrifuge, has partnered with Archax to bring their Liquid Treasury Fund to the platform.
Centrifuge, Anemoy and Archax are partnering to expand access to new investment opportunities in the tokenized real-world assets market.
Per a press release shared with crypto.news, the partnership will allow London-based Archax to offer its users direct access to the U.S. Treasury bills via Anemoy’s liquid treasury fund.
Liquid funds relate to investments that one can easily liquidate for cash, and includes short-term treasury bills.
The partnership looks to tap into Anemoy’s web3 infrastructure, Centrifuge’s growing traction in the real-world assets, and Archax’s distribution channels and venture capital.
With Archax handling sub-custodial services as well as compliance via know your customer, the move is intended to make it easier for institutional investors to gain exposure to T-bills, thereby expanding Archax users’ investment portfolio beyond USDC (USDC).
The strategic partnership with Archax, which is the first regulated digital assets exchange in the U.K., comes days after asset manager Janus Henderson announced its collaboration with Centrifuge and Anemoy.
On Sept. 13, Centrifuge revealed that Janus Henderson was taking over the management of Anemoy’s LTF, with the firms’ eyeing a market that is attracting major financial advisors and asset managers.
Nick Cherney, the head of innovation at Janus, said that the decentralized blockchain and the RWA market could be bigger and potentially more disruptive that the exchange-traded funds space.
According to Cherney, there’s possibility that these investments around decentralized blockchain will do to ETFs what the exchange-traded funds did to mutual funds.
Recent RWA.xyz data shows the global tokenized real-world assets market has grown to over $12 billion, with tokenized treasuries accounting for about $2.2 billion.
Asset issuers can now leverage Chronicle for on-chain and off-chain data on Centrifuge.
Chronicle, an oracle solution that recently spun out of Sky (formerly MakerDAO), is expanding into Centrifuge’s real-world asset (RWA) ecosystem.
On Sept. 24, Centrifuge announced it tapped Chronicle to provide real-time price data via a decentralized RWA oracle for Anemoy’s Liquid Treasury Fund (LTF) — a tokenized U.S. treasuries fund operating on Centrifuge Chain.
The oracle allows LTF investors to track the net asset value of the fund’s on-chain and off-chain holdings — including cash movements and assets held with an off-chain custodian — in real-time.
“Bringing the RWA Oracle into our platform enhances the transparency of on-chain assets, giving investors access to verified, real-time data,” said Jeroen Offerijns, CTO of Centrifuge.
“This collaboration is a game-changer for fund transparency,” said Anil Sood, the co-founder of Anemoy. “Investors can now see the exact composition of the Liquid Treasury Fund.”
Other asset managers launching tokenized RWAs on Centrifuge can also leverage Chronicle’s oracle for price data and real-time monitoring of both on-chain and off-chain assets.
Chronicle spun out of Sky in September 2023, launching its product publicly for the first and offering its data services across multiple chains. The project has secured up to $22 billion worth of assets for Sky and continues to provide oracle services to the project.
Chronicle became the first partner of Sky’s Token Rewards partner on Sept. 18, allowing USDS holders to earn Chronicle points.
Centrifuge currently boasts a total value locked (TVL) of $201.5 million across its RWA credit pools. The price of its CFG token is up 6.8% over the past 24 hours, according to The Defiant’s crypto price feeds.
Tokenized treasuries surgeAnemoy launched LTF in August 2023. The fund quickly gained adoption among DeFi protocols as a vehicle for earning yield on treasury reserves. Frax’s governance greenlit a $20 million allocation into LTF in December, Gnosis DAO approved a $10 million outlay to the fund in January, and Celo mobilized $100,000 in March.
The value of on-chain tokenized treasuries has exploded in 2024, buoyed by the launch of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) in March.
BUIDL currently leads the sector with a $522.2 million market cap, followed by Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) with $435 million, and Ondo’s treasury-backed stablecoin, USDY, with $400.1 million, according to Rwa.xyz.
The combined value of on-chain treasuries is now $2.24 billion, up 190% since the start of the year.
Combined market cap of on-chain U.S. treasuries. Source: Rwa.xyz.On Sept. 3, Anemoy launched its DeFi Yield Fund (DFY), offering diversified exposure to a variety of funds offering market-neutral yield strategies.
Anemoy’s LTF fund has attracted nearly $40 million from investors, while DFY hosts a TVL of $1.02 million.
The partnership makes Centrifuge available to Fireblocks’ 2,000 institutional counterparties.
Centrifuge is integrating support for Fireblocks in the latest example of the tokenized real-world asset (RWA) sector's maturation.
On Oct. 21, an RWA tokenization and financing platform, integrated Fireblocks, an institutional-facing digital asset custodian.
The move allows Centrifuge asset managers to launch and manage funds using Fireblocks to custody both Centrifuge-native RWAs and its CFG token. The move also makes Centrifuge available to more than 2,000 institutional counterparties using Fireblocks Network.
“By integrating Centrifuge, we will help meet the growing demand for real-world asset tokenization, as well as bringing these assets on-chain,” said Idan Ofrat, chief product officer at Fireblocks. “With a growing list of over 80 supported blockchains, Fireblocks enables our customers to securely custody tokens on the latest chains and quickly build innovative services for their customers.
"We're excited to integrate Fireblocks to bring our customers closer together and simplify the process of issuing and managing tokenized RWAs for asset managers,” said Bhaji Illuminati, chief marketing officer of Centrifuge.
Centrifuge is an on-chain credit protocol enabling users to provide financing to real-world businesses. Users gain access to a variety of assets, including asset-backed securities, real estate, and invoice financing as both a source of yield and collateral underpinning loans.
Fireblocks has facilitated more than $6 trillion worth of digital asset transfers, and counts major banks such as BNY Mellon and BNP Paribas among its clients.
Centrifuge adoptionCentrifuge currently hosts a total value locked (TVL) of $152 million across its RWA credit pools.
Centrifuge has hosted $652.9 million worth of asset financing to date, up nearly triple since the start of 2023, according to Dune. BlockTower’s four pools offering exposure to asset-backed securities and consumer loan obligations account for 51.4% of the total, followed by New Silver’s three real estate-backed pools with 25.3%
New Silver Series 2 is Centrifuge’s largest active pool with a TVL of $41.7 million, followed by Anemoy’s Liquid Treasury Fund (LTF) with $36.1 million.
LTF positions Centrifuge as the eighth-largest tokenized treasury issuer, according to rwa.xyz. On Sept.13, Centrifuge announced that Janus Henderson, a $335 billion asset management firm, was taking over the management of LTF.
In April, Centrifuge announced it closed a $15 million Series A funding round co-led by ParaFi Capital and Greenfield.
The price of CFG is up 2% over the past 24 hours, according to The Defiant’s crypto price feeds.
Several states in the U.S. are already considering the idea of a strategic Bitcoin reserve as proponents await a push from Donald Trump on the federal level.
On the campaign trail for the November 2024 elections, now President-elect Donald Trump made several big promises to the crypto industry. Still, none has been as talked about following the election as his intention to launch a strategic U.S. Bitcoin reserve.
However, while pundits continue to debate the feasibility of such a move at the Federal level and its possible market impacts, some states may be looking to get in on the action.
U.S. States Consider the Orange Pill Following Donald Trump’s election victory, at least three U.S. states are considering building their own Bitcoin stockpile employing unique frameworks, as recently highlighted in a CNBC Crypto World report on Tuesday, December 24. Speaking with CNBC, Centrifuge General Counsel Eli Cohen asserted that the development was significantly positive for the crypto markets.
Pennsylvania On November 12, barely a week after Trump’s announcement as the next U.S. president, Pennsylvania State Representative Mike Cabell proposed a bill to allow the state treasurer to invest state funds in Bitcoin.
House Bill 2664, or the Strategic Bitcoin Reserve Act, seeks to allow the treasurer to invest up to 10% of the State General Fund, the Rainy Day Fund, and the State Investment Fund in Bitcoin.
Cabell argues that implementing the bill would help protect state assets against inflation. He asserted that the state’s purchasing power had reduced by a staggering 20% in the past four years alone while Bitcoin continues to gain strength against the dollar.
So far, Pennsylvania’s Strategic Bitcoin Reserve Act has received only one co-sponsor, Representative Aaron Kaufer.
Texas On December 12, Texas State Representative Giovanni Capriglione proposed House Bill 1598, or the Texas Strategic Bitcoin Reserve Act, to allow the state to establish a Bitcoin reserve within its treasury.
Unlike Pennsylvania’s proposed bill allowing the treasurer to purchase Bitcoin with established state funds, the proposed Texas bill will establish the reserve by enabling residents to pay charges and taxes with Bitcoin. The stockpile will also be open to voluntary donations.
The Texas bill also details the establishment of cold storage and a holding period, noting that the state must not sell the reserve for at least five years.
Like Pennsylvania’s Cabell, Capriglione also argues that Bitcoin could act as an inflationary hedge preserving value for Texans.
On Tuesday, Centrifuge’s Eli Cohen told CNBC that Texas’ bill may face significant infrastructure hurdles and problems getting the crypto community to submit their wallet for taxes.
Ohio Ohio is the most recent to join the Bitcoin rush. On December 17, state Representative Derek Merrin submitted a proposal to allow the state to establish a Bitcoin stockpile.
House Bill 703, or Ohio’s Bitcoin Reserve Act, seeks to give the state treasurer the flexibility to invest in Bitcoin if they desire and build a reserve from seized assets.
Merrin hopes the bill will pave the way for quick legislation in 2025.
The recent state bills, like the proposed national effort, are all in their early stages, and it remains unclear if they can garner the needed support to become law. But till then, the ensuing speculation continues to drive excitement about Bitcoin and crypto.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Centrifuge, a prominent platform for unlocking on-chain finance for investors, has announced a governance proposal CP141 seeking approval to develop Centrifuge V3. V3 is an EVM-based protocol designed to advance the real-world asset (RWA) market. The upgrade will introduce key features such as modular fund infrastructure, chain abstraction, and enhanced composability with decentralized finance (DeFi).
New governance proposal CP141: Development of Centrifuge V3, a multi-chain, EVM based protocol
This proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a… pic.twitter.com/Z3COlStwKq
— Centrifuge (@centrifuge) February 4, 2025 Centrifuge leveraged its leadership in RWAs to develop innovative versions before launching the V3 upgrade which focused on fund security and management. Centrifuge V3 introduces an abstraction functionality that enables fund managers to run their preferred blockchain network for management and centralized liquidity from multiple EVM platforms. The protocol includes a feature that enables synchronized interactions of tokenized assets between various blockchain networks.
Centrifuge’s Strategic Shift to the EVM Ecosystem The decision to develop Centrifuge V3 natively on the EVM is based on several strategic considerations. The total value locked in Centrifuge liquidity pools draws more than 95% of its funds from EVM chains because investors currently prioritize this technical framework. The integration will strengthen composability across DeFi platforms by adopting established EVM standards.
EVM-compatible chains provide developers and institutional partners with advanced tools and abundant on-chain money flow. The benefits of EVM compatibility enable Centrifuge to develop at scale and deliver solutions that meet expanding customer needs for assurance-compliant tokenized asset management offerings. The migration of governance infrastructure together with CFG token support will take place on an EVM chain to maintain compatibility with existing systems.
Implementation and Development Framework The governance proposal outlines a development plan to be executed by k/factory, a software studio founded by Centrifuge’s original contributors. The team will provide updates to the decentralized autonomous organization (DAO) as the project progresses.
The new version Centrifuge V3 will enable interoperability through standard implementations of ERC7540 and ERC6909 which support flexible fund arrangements. Through its multi-chain asset management framework, the system enables asset issuers to operate across chains which makes their products more accessible to institutional investors.
The Centrifuge team implements V3 with the purpose of solidifying its leadership in RWA infrastructure services while establishing the protocol as a leader in blockchain financial innovation. The launch of Centrifuge V3 is positioned as a necessary step to meet the increasing demand for on-chain RWAs ensuring the protocol remains at the forefront of the evolving digital asset ecosystem.
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The former CMO sees real-world asset tokenization as being at an inflection point.
Centrifuge, a real-world asset (RWA) protocol with over $100 million of total value locked, has a new CEO, Bhaji Illuminati.
The company’s former chief marketing officer, Illuminati is tasked with moving Centrifuge forward as the tokenization of RWAs starts entering the mainstream.
“We can lean on our experience and the lead that we've created over the past eight years and turn that into a very strong position now when the market is ready,” she said, pointing to Blackrock’s BUIDL fund as a “strong indicator of adoption and readiness for asset managers to start using this technology.”
That accelerated the pace of adoption, she said, because when the world’s largest asset manager is willing to take regulatory and reputational risk of tokenizing a fund, “that opens up doors for a lot of other asset managers.”
Between that, the Trump Administration’s new regulatory atmosphere, and MakerDAO’s Spark Tokenization Grand Prix, launched in July to bring $1 billion of tokenized assets onto the platform, “it really is this inflection point, where the number of conversations we're having, the amount of inbound we're getting, the time is now for the real adoption of this technology,” Illuminati said.
“And there's a sense of urgency, not just coming from us, but actually coming from TradFi… where nobody wants to be the last one who's not using blockchain technology as part of their process,” she said.
One of Centriufuge’s clients, fund manager Janus Henderson said they had tokenization and blockchain on their roadmap for a long time but never had that “why now” moment. The Maker Grand Prix gave them “enough reason to justify starting to do that work,” because they wanted to go after that potential allocation, she said.
A New DirectionIlluminati takes over from Lucas Vogelsang, who will be moving to the company’s board to focus on strategy.
Centrifuge is a decentralized finance (DeFi) platform that aims to bridge real-world assets such as invoices and other receivables to the blockchain, enabling businesses to access liquidity from the DeFi ecosystem. Founded in 2017 by Vogelsang and Martin Quensel, the company has raised over $20 million across multiple rounds and has a total-value locked of almost $120 million, according to Dune Analytics data.
The platform's CFG token, which has a market capitalization of $95 million, is down by more than 30% in the past 30 days to $0.1825 and is down by over 90% from its all-time high of $2.19 in October 2021, according to CoinGecko.
Taking over as CEO, first on a temporary basis and now permanently, was an opportunity for Illuminati, who was not, like most of her fellow CEOs, either a developer with experience in the blockchain space, or someone from the financial world and Wall Street.
“But my background, coming from marketing and the go-to market side, gives me a unique perspective, where I'm able to help communicate more broadly to traditional finance and to the wider capital markets systems that we need to start building these products for,” she said.
Illuminati started at Centrifuge in February 2023 as CMO after years at various companies in the fintech, software and marketplace applications industries. She has been interim CEO since July of 2024.
As for being one of the few women in a leadership role in the crypto industry, Illuminati said it was a topic that hadn’t come up.
“I’ve always viewed being a woman as an advantage rather than a challenge,” she said. “I try to bring a unique perspective to leadership—emphasizing empathy, curiosity, listening, and the ability to make critical decisions quickly with the right information," she said. "I’ve always believed that surrounding myself with people from different backgrounds and experiences leads to better outcomes.”
She hopes being a woman in a leadership role helps other women be attracted to those roles.
“Innovation comes from fresh perspectives and that only happens when you bring together a range of people with different backgrounds to exchange ideas and collaborate,” Illuminati said.
BounceBit, a pioneer platform for CeDefi infrastructure and RWA integration, has partnered with Centrifuge, a prominent company strengthening asset managers in managing, tokenizing, and distributing funds on-chain. The collaboration aims to integrate the Janus Henderson Anemoy Treasury Fund ($JTRSY) into the portal of BounceBit to increase the tokenized treasury products’ availability for users. The platform revealed this development on its official social media account.
BounceBit partners with @centrifuge to expand RWA offerings.
The Janus Henderson Anemoy Treasury Fund (JTRSY), powered by Centrifuge, invests exclusively in short-term US Treasury Bills.
It seamlessly fits into our RWA infra, bridging Western innovation with Asian liquidity. pic.twitter.com/Jus4u4Z6BB
— BounceBit (@bounce_bit) March 27, 2025 BounceBit Joins Forces with Centrifuge to Expand RWA Offerings with JTRSY The partnership between BounceBit and Centrifuge underscores the former’s commitment to expanding the integration of RWAs. The initiative aligns with the 2025 roadmap of BounceBit, which is titled “Synchronicity.” It stresses the connection between the Western financial advancement with the liquidity infrastructure of Asia. With the integration of JTRSY, BounceBit is reportedly broadening its package of institutional-scale Treasury options. In this respect, it provides consumers with more ways of diversification concerning the crypto ecosystem.
BounceBit has been making great efforts in widening the RWA integration. This partnership with Centrifuge boosts the respective vision, guaranteeing the key position of tokenized assets in the growth strategy of BounceBit. It provides investors with a regulated and secure avenue to reach conventional financial instruments in a decentralized environment. Both the entities work together to go beyond just tokenizing RWAs, creating meaningful use cases for these assets in the DeFi landscape.
Establishing Robust RWA Network to Drive Innovation According to BounceBit, the mutual endeavor marks a crucial move in fulfilling its mission to establish a resilient RWA network. As this partnership unfolds, the consumers can anticipate many noteworthy updates and improvements, fortifying BounceBit’s status as a frontrunner in RWA innovation. The platform advises the community to stay tuned for additional developments as it keeps driving the future of tokenized assets via such strategic partnerships.
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Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Centrifuge enables native RWA issuance on Ozean via regulated U.S. Treasury fund JTRSY. Port combines tokenized T-bills with RWAs for compliant, diversified DeFi yield access. Partnership expands DeFi access to institutional-grade assets without cross-chain fragmentation. Blockchain infrastructure firm Ozean has partnered with Centrifuge to launch regulated real-world assets (RWAs) on Port, an on-chain exchange-traded pool (ETP) developed by Ozean. The effort begins with integrating JTRSY, a U.S. Treasury fund by Anemoy Capital and Janus Henderson, offering daily liquidity access to yield-generating T-bill investments.
🌀 @centrifuge to launch on Ozean to bring high-quality RWAs to Port
The launch starts with JTRSY, a regulated U.S. Treasury fund by @anemoycapital and Janus Henderson, giving users compliant access to stable, yield-generating assets with daily liquidity.
🤝 The partnership… pic.twitter.com/AlLSKiWnYv
— Clearpool (@ClearpoolFin) April 8, 2025 The integration supports compliant user access to stable, tokenized assets and expands opportunities for asset managers to issue RWAs directly on Ozean.
Instead of bridging various interfaces for asset management seen in bridging models, this deployment integrates the Centrifuge infrastructure to issue assets natively on Ozean, making the fund processes and investors’ access more efficient.
JTRSY Launches on Ozean for On-Chain Yield JTRSY, the Janus Henderson Anemoy Treasury Fund Segregated Portfolio, is the first asset made available through this collaboration. It is a fully regulated, actively managed fund that invests in short-term U.S. Treasury Bills. The fund provides daily liquidity and accrues yield directly to the token’s value, giving holders access to stable, low-risk returns.
The fund is already deployed across multiple blockchains, including Ethereum, Base, Celo, Arbitrum, and Fraxtal. With the addition of Ozean, JTRSY becomes accessible on another platform that supports compliant and transparent RWA investments.
Broader Integration of Tokenized Funds Expected Following the initial deployment, the partnership is expected to bring more Centrifuge-enabled funds to Ozean. These future launches will aim to meet various yield preferences across investor profiles, contributing to the broader integration of tokenized finance in decentralized markets.
Port, Ozean’s ETP infrastructure, combines highly liquid assets like tokenized T-bills with traditionally illiquid RWAs. This structure supports instant credibility and dynamic yield generation while also reducing risk exposure through diversified asset pools.
Native Infrastructure for DeFi-Compatible RWAs Ozean, built on the OP Stack and part of the Optimism Superchain, was developed by Clearpool to address inefficiencies in RWA protocols. It aims to simplify access to native yield for DeFi users and solve fragmented RWA solutions across platforms.
Centrifuge tokenization protocol integration into Ozean enables a native solution for asset managers to create and manage funds without the use of cross-chain bridges and other third-party connections. This model is expected to improve institutional and retail participants’ capital efficiency, access, and asset management.
Since its inception in 2017, Centrifuge has facilitated over $682 million in tokenized asset financing. Clearpool, the creator of Ozean, has originated over $750 million in institutional loans. Their partnership shows continued growth in using tokenized real-world assets in decentralized finance infrastructures.
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The partnership, which also includes crypto asset manager Anemoy, aims to streamline the issuance and management of tokenized assets across blockchains.
Centrifuge, a top real-world asset (RWA) tokenization platform, announced a partnership with blockchain interoperability protocol Wormhole to launch a multichain platform that aims to improve how tokenized assets are issued and managed, according to a press release shared with The Defiant.
The collaboration also includes Anemoy, a web3-native asset manager built on Centrifuge. The new platform, Centrifuge V3, lets asset managers and investors handle tokenized assets across different blockchains.
“Wormhole's multichain interoperability platform plays a crucial role in supporting the scalability of Centrifuge V3 by enabling full chain abstraction, allowing seamless fund administration and investment across any blockchain network,” Jeroen Offerijns, the CTO of Centrifuge, told The Defiant.
Offerijns added that by integrating Wormhole, Centrifuge ensures liquidity flows smoothly across different blockchains, while assets can be easily used within both decentralized finance (DeFi) protocols and traditional institutional platforms.
Centrifuge currently boasts a total value locked (TVL) of around $136.6 million and a market capitalization of $5.7 million at press time, according to DeFiLlama data — making it the 15th largest RWA protocol by TVL.
The company has raised a total of $27 million across five funding rounds, raising $15 million in its most recent round, led by ParaFi and Greenfield.
Tackling tokenization challengesA major obstacle to the growth of tokenized assets is the fragmented infrastructure, Offerijns explained. He noted that asset managers often face a mix of tools and vendors, with no standardization, unclear legal structures, and high smart contract risks.
“Managing compliance, fund operations, issuance, and investor servicing onchain is still a daunting challenge,” Offerijns explained. “On top of that, chain fragmentation forces investors to navigate multiple networks, wallets, and interfaces — which adds unnecessary friction and risk to their experience.”
To address these issues, Centrifuge V3 offers customizable tokenization rails using a modular stack of pre-built, audited, and tested smart contracts. “These contracts cover everything from compliance to asset management, issuance, and day-to-day operations,” Offerijns said. “Managers can launch tokenized products quickly and confidently, without needing to build or audit new infrastructure.”
Moreover, all fund data and accounting will be managed on a single chain, offering unified and transparent data, which Offerijns called crucial for institutional reporting and governance, adding:
“Centrifuge V3 also integrates with liquidity providers in the ecosystem to offer instant and near-instant liquidity for tokenized products — addressing another key institutional concern: the ability to exit positions when needed."Jeroen OfferijnsThe future of RWAsTokenized assets are rapidly emerging as one of the fastest-growing sectors in DeFi. According to RWA.xyz, the total onchain value of tokenized RWAs has reached over $20 billion, an 11% increase in just the past month. Additionally, the number of asset holders has grown by almost 6%, bringing the total to 95,455 at press time.
“As the industry matures, we’re seeing a shift from purely crypto-native collateral to tokenized RWAs like U.S. Treasuries, private credit, and real estate — assets that provide stability, yield, and diversification,” Offerijns said, noting that stablecoins are also increasingly backed by RWAs.
He explained that RWA aggregators now function as onchain savings accounts, and lending protocols are facilitating borrowing and lending against these tokenized assets. “But for RWAs to truly power DeFi at scale, they must be accessible, high-quality, and ubiquitous,” Offerijns emphasized.
While Centrifuge V3 is currently building infrastructure that aims to make tokenized RWAs more accessible today, the company’s long-term vision extends beyond just putting funds on-chain.
“We believe blockchain won’t just serve as a distribution layer, it will become the foundation for global capital markets,” Offerijns said. “It will unlock cross-border capital flows, broaden access to investment opportunities, and improve end-to-end processes through automation and operational efficiencies.”
Centrifuge, a prominent DeFi lending platform, has recently commenced a new partnership with Wormhole, a leading interoperability protocol. The collaboration focuses on introducing a multichain tokenization forum that will initially tokenize the $230M Janus Henderson U.S. Treasury Fund of Anemoy. The platform disclosed this partnership on its official X account.
Centrifuge Collaborates with Wormhole to Release Multichain Tokenization Ecosystem The partnership between Centrifuge and Wormhole intends to set an exclusive precedent in the integration of conventional financial instruments into blockchain networks. In this respect, the anticipated platform for the multichain tokenization will start with Anemoy’s Janus Heeenderson. Centrifuge operates as a well-known platform dealing with conventional finance as well as blockchain technology. It has now selected Wormhole to access its multichain infrastructure to run Centrifuge V3.
The integration of Wormhole into Centrifuge pays considerable attention to automating the issuance and tokenization across diverse chains. This will reportedly enable unparalleled and scalable fund management while eliminating barriers in dealing with complexity across chains. The latest Centrifuge V3 provides an inclusive interface to benefit investors and managers. It abstracts away the complications of separate blockchain networks.
Apart from that Centrifuge V3 permits managers to manage and issue funds on diverse chains. Simultaneously, the investors get freedom to reach tokenized assets through their favorite networks. All these functionalities are made possible with the inclusion of the composable and secure multichain interoperability of Wormhole. This also guarantees that the assets seamlessly flow between the L1s and L2s without any need for manual bridging.
Wormhole Foundation’s co-founder Robinson Burkey said that the collaboration lets Centrifuge reach the battle-tested and most resilient multichain infrastructure. This effectively takes tokenized assets to the capital zones.
Catering to Emerging Requirement for Borderless Interoperability Across Chains According to Centrifuge’s CTO, the collaboration develops the foundation for an on-chain financial network without any borders. With this initiative, Centrifuge is reportedly revolutionizing the fund management as well as the investment across the blockchains. To make this happen, Wormhole delivers the required infrastructure. While the institutions are increasingly delving into the RWA sector, the interoperability is getting more and more significant. This collaboration makes Wormhole and Centrifuge the core entities driving the onchain financial advancement.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The Centrifuge token surged to its highest level since January ahead of an upcoming token migration and a sharp rise in assets within its ecosystem.
Centrifuge (CFG) jumped to a high of $0.2850 on Friday, up 180% from its lowest point this year. The surge pushed its market capitalization to over $106 million.
The rally comes ahead of the scheduled migration of the Centrifuge governance token to Ethereum (ETH) on May 20. This marks a major milestone as the network moves toward full Ethereum Virtual Machine compatibility.
The migration is expected to pave the way for the launch of an Ethereum-native Centrifuge Protocol.
The developers hope that the transition from Polkadot (DOT) to Ethereum and Base will improve its governance, broaden exchange and decentralized finance integration, and streamline liquidity.
As part of the migration, the supply of CFG will increase from the current 560.246 million to 675 million. The additional 115 million tokens will be allocated to the Centrifuge Foundation to fund incentives targeted at decentralized finance users, strategic initiatives, and exchange liquidity. The protocol will maintain its 3% annual inflation rate.
The next chapter for $CFG is here.
Starting May 20, 2025, holders of CFG and wCFG will be able to migrate to the new CFG token, designed to support governance and expansion of the Centrifuge protocol.
The migration window will remain open until November 30, 2025.
More details…
— Centrifuge (@centrifuge) May 12, 2025 The token also rallied as the total value locked in Centrifuge’s ecosystem rose to a record $441 million, up from less than $100,000 in March. Most of this capital is in the Janus Henderson Anemoy Treasury Fund, which invests in short-term U.S. Treasury bills.
Centrifuge price analysis CFG price chart | Source: TradingView On the daily chart, CFG climbed to $0.2735 on Friday as anticipation over the token migration intensified. The level is significant, as it coincides with the lowest swing point from October last year.
The MACD indicator has recently crossed above the zero line, and the Relative Strength Index has entered overbought territory.
Given this setup, the token is likely to continue its climb, potentially reaching resistance around $0.50 ahead of the migration. A pullback may follow the event as investors take profits in a classic “sell the news” scenario.
What is Centrifuge? Centrifuge is a crypto financial alchemist, turning real-world assets into digital gold. It tokenizes invoices, real estate, and treasuries, letting businesses tap into DeFi liquidity without banks.
Built on Polkadot, its Tinlake DApp makes borrowing seamless. Centrifuge has a clear mission: bridging real and digital economies.
Why is it pumping right now? Although done months ago, a more than 50% pump in 24 hours might have come from a $230M Janus Henderson fund and a V3 upgrade, which shows institutional love for Centrifuge CFG $0.2294 1.13% . It was also recently awarded the Spark’s $1B Tokenization Grand Prix, which added to its credibility.
RWA vibes help, too, with coins like Ondo ONDO $0.3445 3.84% making a 10-20% gain this month. It’s not just hype; RWA is in demand.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x
Is Centrifuge Crypto Going to be The Next Big RWA? Centrifuge has an NFT-based tokenization, unlike other RWA coins, where assets become unique digital tokens, offering something others lack. Tinlake’s dual-token system (DROP for stability, TIN for risk-takers) mimics traditional finance, balancing safety and reward.
While competitors focus on wider choices of asset classes, Centrifuge focuses on small—and medium-sized enterprise finance, aiding smaller players.
💥 @Centrifuge and Wormhole launch multichain asset tokenization platform, starting with Anemoy’s $230M Janus Henderson Treasury Fund
Interoperability powered exclusively by Wormhole pic.twitter.com/ogW23q1P4C
— Wormhole (@wormhole) April 9, 2025
Although some say Centrifuge is a copycat of other big RWA projects, the crypto chatters don’t hold water. Centrifuge predates many RWA projects; it was launched in 2017 in Polkadot. Hence, it is not popular and rarely heard in the EVM-dominated market.
But this just got exciting. Just last month, its multichain V3 platform integrated EVM chains, which helped its ecosystem, especially with adoption. Partnerships with MakerDAO and Aave, plus a focus on transparency via on-chain data, also contribute to this pump.
Centrifuge crypto edge lies in execution. Its launchpad speeds up asset tokenization with modular contracts. Collaborations with Ozean and Yala bring US Treasuries and Bitcoin yields on-chain, again helping adoption.
(source)
With $440 million in total value locked at just $128 million of market cap, it suggests the protocol holds more value than its market valuation.
Right now, maybe, the market is betting on Centrifuge to redefine crypto finance, and the numbers agree.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Don’t Put All Eggs in One Basket: AI is Also The Narratives This Cycle
Besides RWA, AI coins are also making their voice heard. Coins like FET and NEAR printed millionaires during this cycle. But, it might be a year too late to catch such an opportunity with those big AI coins.
With AI narrative vibing, Mind of Pepe, still at its early presale phase, comes with its meme narrative to speed up the AI adoption pace.
What does it do, and why does it matter? MIND, with its self-evolving AI agent, helps traders decide which crypto coins to invest in based on many factors, finding the next big coins for hundreds of X gains.
Mind of Pepe is also coded with token-burning mechanisms that can shock its supply, boosting its price in the mid- to long term.
Presalers can also earn additional staking bonuses, with dynamic 242% APY rewards, just by holding and staking for passive income.
Many YouTube influencers forecast 20- 100X on MIND shortly after its exchange listing, which will come straight after the presale ends.
At its current price of $0.0037, early investors can buy their tokens at a bargain. At the moment, close to $10 million of smart money has been invested in $MIND, and the presale supply might run out fast.
For more information, visit the MIND of Pepe website or follow the MIND of Pepe on X or Telegram.
DISCOVER: Best Meme Coin ICOs to Invest in Today
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways What is Centrifuge crypto, and why is it pumping? This AI coin is poised for 10- 100X. #Presales #Meme Coin #RWA
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