Centrifuge Launches V3, Tokenizes $230M in U.S. Treasuries

Centrifuge, a platform specializing in the tokenization of real-world assets, has unveiled its latest upgrade, Centrifuge V3, in collaboration with Wormhole, a multichain messaging protocol. This new system is engineered to simplify the management of tokenized assets across various blockchains through a unified interface, catering to the needs of fund managers and investors.

The launch of Centrifuge V3 is accompanied by a $230 million fund from Anemoy, a crypto-native asset manager powered by Centrifuge. This fund is invested in U.S. Treasury securities managed by Janus Henderson, representing one of the largest real-world asset tokenizations to date.

One of the key features of Centrifuge V3 is “full chain abstraction,” which enables users to invest, administer, and issue tokenized assets without the need to directly interact with blockchain infrastructure. This advancement is designed to streamline the process and make it more accessible for users.

Wormhole, known for its cross-chain bridge capabilities, plays a crucial role in this partnership by ensuring that tokenized assets on Centrifuge are fully composable. This means that these assets can be used seamlessly in both decentralized finance (DeFi) platforms and institutional settings, enhancing their utility and interoperability.

Centrifuge has been steadily expanding its reach and capabilities. Last year, the platform successfully raised $15 million in an oversubscribed fundraising round, which facilitated its expansion to Coinbase’s layer-2 network Base. This strategic move underscores Centrifuge’s commitment to innovation and growth in the blockchain and tokenization space.