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 streamline the management of tokenized assets across various blockchains through a unified interface, catering to both 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 most significant real-world asset tokenizations to date.

One of the key features of Centrifuge V3 is “full chain abstraction,” which enables users to invest in, administer, and issue tokenized assets without the need to directly interact with blockchain infrastructure. This abstraction layer simplifies the process, making it more accessible for users who may not have extensive technical knowledge.

Wormhole, known for its cross-chain bridge capabilities, plays a crucial role in this partnership by ensuring the interoperability of tokenized assets on Centrifuge. This interoperability allows these assets to be fully composable, meaning they can be used seamlessly in decentralized finance (DeFi) platforms and institutional settings alike.

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 enhancing its platform and broadening its user base.