The Year of RWAs: Centrifuge Announces Launches, Milestones, and Momentum

New York City - December 20, 2023 - Centrifuge, the platform for onchain finance, today shared a number of announcements as it closes out 2023 and heads into the New Year with tremendous momentum.

"It's been a phenomenal year for Real-World Assets (RWAs) and we're proud that Centrifuge has played a part in driving the industry forward," said Lucas Vogelsang, CEO and Co-Founder, Centrifuge. "We're looking forward to expanding our solutions, forging new partnerships, and continuing to create the leading platform for onchain finance."

Centrifuge end of year announcements include:

  • Accelerated Momentum With Stablecoin Protocols: Yesterday, the Frax community voted in favor of a debt ceiling of $20m to be established for the Anemoy LTF, a BVI registered and regulated US Treasury fund. This follows the recent approval of the Aave treasury for a $1m pilot investment into the same fund.

    • Sam Kazemian, Founder of Frax Finance, said: "As a long-term oriented DAO, we believe as protocols get bigger, they should get safer. Real-world asset diversification and innovation are a core part of realizing this vision. We’re excited to see the Centrifuge vote pass with such overwhelming support from the community. As an early pioneer in real-world assets, Centrifuge has focused on building institutional grade products that are safe, resilient and built for scale."
  • Early Demand for Liquid Treasury Fund: Frax and Aave join Web3 Foundation, who marked the first investor into the Anemoy LTF fund. Anemoy takes a unique approach, tokenizing the actual US Treasury Bill to give investors direct ownership, protection and visibility.

  • Announcing Mainnet on Multiple Chains: Centrifuge real-world assets can now be accessed natively on Arbitrum, Base, Celo and Ethereum. Centrifuge announced their ‘Centrifuge Everywhere’ multichain strategy — powered by Axelar —  at this year's Real-World Asset Summit in New York, which gives investors access to Centrifuge pools without leaving their chain of choice.

  • New Centrifuge App Features: Centrifuge has launched new features to its app, including a revamped Portfolio page that provides a comprehensive overview of a user’s real-world asset investments, with a portfolio value graph, detailed transaction history, and asset class allocation chart. Centrifuge also released an investor dashboard page for its DAO treasury product, Centrifuge Prime. Centrifuge is now multichain and EVM compatible.

  • A Transition to USDC: Centrifuge is migrating to USDC as its primary currency to power pools on Centrifuge. Centrifuge chose USDC due to its programmability, interoperability, ease of use, excellent reputation and focus on regulatory compliance.

It's been a banner year for RWA adoption and for Centrifuge. Centrifuge now has the highest Total Value Locked (TVL) in the industry at nearly $250 million and has seen $500+ million in total assets financed on its platform.

Looking ahead to 2024, the company expects growth and RWA adoption to continue. It is also expanding its RWA Summit globally, and returning for the flagship event in New York City.

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.

Press Contact

Keith Chapman

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