Centrifuge Launches $400M Treasury Fund on Solana Blockchain

Centrifuge, a platform for tokenized assets, has announced its expansion into the Solana blockchain, commencing with a $400 million tokenized U.S. Treasury fund managed by Anemoy. This initiative leverages Centrifuge’s proprietary token standard, known as "deRWA tokens," which enables token holders to freely transfer and utilize tokenized financial instruments across various decentralized finance (DeFi) protocols.

The deJTRSY token, derived from this expansion, can be swapped, lent, or used as collateral, allowing Solana users to earn yield from short-term Treasuries directly within Solana DeFi platforms. Initially, this functionality will be available on decentralized exchange Raydium, lending platform Kamino, and yield aggregator Lulo.

This move underscores Solana's increasing prominence in the tokenized real-world assets (RWAs) sector, which aims to integrate traditional financial instruments such as bonds, funds, and credit onto blockchain infrastructure. The potential for this market is substantial, with projections from Boston Consulting Group and Ripple suggesting that the tokenized asset market could reach $18.9 trillion by 2033.

This week, the Solana Foundation collaborated with R3, a blockchain technology firm focused on banking, to bring real-world assets to the Solana ecosystem. Additionally, Securitize-issued tokenized funds of Apollo credit assets are being introduced to Solana-based DeFi protocols.

Bhaji Illuminati, CEO of Centrifuge, emphasized the significance of this development, stating, "Tokenizing assets is just the starting point. What truly matters is giving real-world assets utility onchain: making them usable across the DeFi stack from day one."