Web3 Foundation deploys treasury into real-world assets on Centrifuge

Today, we announce that Web3 Foundation, the long-standing institution known for stewarding Polkadot, will invest part of its treasury into real-world assets via Centrifuge, beginning with a $1M pilot investment. This initiative is supported by Web3 Foundation as part of its strategic mission to promote Web3 projects through funding, advocacy and collaboration.

This partnership showcases Web3 Foundation's commitment to bringing real-world assets (RWAs) onchain as the demand and narrative for RWAs has become white hot. The investment will be made into Anemoy’s upcoming pool of US Treasury Bills on Centrifuge.

"We're excited to see the rapidly accelerating investor interest in Centrifuge matched with a growing availability of a diverse and institutional-grade offering of tokenized assets," said Lucas Vogelsang, Co-Founder of Centrifuge. "With this collaboration between Centrifuge and Web3 Foundation, the stage is set for significant growth and innovation for real-world assets using Polkadot’s infrastructure and technology.”

Real-world assets are one of the most-talked about themes in decentralized finance today. Boston Consulting Group projects that there will be a $16 trillion tokenization industry for global assets by the end of the decade. Centrifuge was an early pioneer in the RWA space and has marked many milestones for the industry.

“We’re thrilled to lead by example as the first user of the real-world asset use-case supported and managed through the parachain,” said Fabian Gompf, CEO at Web3 Foundation. “We believe this industry has massive potential and are steadfast in our commitment to help grow the industry and Centrifuge protocol. $1M is a start, and we fully expect to quickly grow beyond that.”

Anemoy is the first real-world asset pool launching natively on Centrifuge Chain with tokenized short-term US treasuries. US T-bills offer a way for DAOs and other onchain investors to get access to highly-liquid, low-risk returns. Anemoy, a web3 native asset manager, was purpose-built to bring a diverse range of high quality assets to the Centrifuge platform.

About Centrifuge

Founded in 2017, Centrifuge is the platform for onchain finance. Notable firsts include minting MakerDAO’s first real-world asset, structuring the first onchain securitization, launching the RWA Market with Aave and bringing the first credit fund’s operations onchain with BlockTower. Centrifuge provides both the infrastructure and ecosystem to tokenize, manage, and invest into a complete, diversified portfolio of real-world assets.

About Web3 Foundation

Web3 Foundation is a not-for-profit organization that supports Web3 teams and open-source projects through funding, advocacy, research and collaboration. It was founded in 2017 by Ethereum co-founder and former chief technology officer Dr. Gavin Wood. Polkadot is the Foundation's flagship project. For more information, visit web3.foundation.

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