Real-world asset tokenization platform Centrifuge has announced the rollout of its newest version, Centrifuge V3, in collaboration with the multichain messaging protocol Wormhole.
The upgraded platform aims to streamline the management of tokenized assets for fund managers and investors across various blockchains through a unified interface.
The initial launch will feature a substantial $230 million fund from Anemoy, a crypto-focused asset management firm utilizing Centrifuge’s technology. This fund will invest in U.S. Treasury securities overseen by Janus Henderson, marking one of the largest instances of real-world asset tokenization to date.
Centrifuge V3 brings forth the concept of “full chain abstraction,” enabling users to invest, manage, and issue tokenized assets without needing direct engagement with blockchain infrastructure, as indicated in a recent press release.
Wormhole, known for its cross-chain bridging capabilities, plays a crucial role in this partnership by ensuring that the tokenized assets on Centrifuge are fully compatible across decentralized finance and institutional platforms.
Centrifuge has been on a growth trajectory. Last year, the platform secured $15 million in a successfully oversubscribed fundraising round while expanding its operations to Coinbase’s layer-2 network, Base.