Centrifuge Brings Treasury Bills to the Celo Ecosystem

We’re excited to announce that Celo ecosystem members completed the first Centrifuge RWA transaction on Celo, starting with an allocation up to $1M into Anemoy's Liquid Treasury Fund.

Centrifuge continues to see strong demand for the Anemoy treasury bill offering from investors looking to gain low-risk yield, with an issuer that prioritizes investor protection and safety.

“The Celo ecosystem views Centrifuge as a strategic partner in the wider Celo ecosystem to onramp additional asset classes, like private credit, which Centrifuge has a long history of bringing onchain in a safe, compliant way,” said Alex Witt, of the Celo ecosystem.

According to Martin Quensel, founder of Anemoy, “the Liquid Treasury Fund has the most robust legal structure for tokenized investment in US Treasuries.”

The fund is a British Virgin Islands Segregated Portfolio Company licensed and supervised by the BVI Financial Services Commission. Investors have tokenized shares in the fund company and direct recourse to the underlying Treasuries. The fund is available to Non-US Professional Investors.

There is sustained demand for tokenized Treasuries: Bloomberg reported that "buyers have easily soaked up the $1.56 trillion of Treasury bills issued this year." That demand includes the DeFi world, and for good reason — Coin Metrics reports that around $150 billion of assets are in stablecoins, earning paltry returns.

"We see Treasuries as a great entry point for RWAs," said Lucas Vogelsang, CEO and Cofounder of Centrifuge. "We're looking forward to bringing more high quality assets and liquidity to the Celo ecosystem, helping the team realize its vision of unlocking better capital access for all.”

This latest investment comes on the heels of Frax’s vote to move $20M stablecoin collateral into the Anemoy Treasury bill offering and the Gnosis DAO’s vote to allocate $10M to RWAs.

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 Celo

Celo is a mobile-first and EVM-compatible blockchain network that’s built for the real world and designed for fast, low-cost payments worldwide. The Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native token, and several Mento stable assets (cUSD, cEUR, cREAL, eXOF) that enable anyone to use digital assets. Launched on Earth Day in 2020, the open-source Celo mainnet supports 1,000+ projects by developers and creators located around the world. For more about Celo, visit https://celo.org/.

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