Centrifuge TVL Surges 327% to $530M+ in H1 2025

Former Goldman Sachs and BlackRock ETF veteran Jürgen Blumberg joins Centrifuge as COO, drawing parallels between the current tokenization wave and the early days of ETFs. Key insights: - Growing demand from onchain investors for native digital assets - Tokenized funds showing strong momentum with new investor base - Vision includes rebuilding entire fund infrastructure onchain Blumberg aims to bring ETF-like transparency and efficiency to tokenized assets. The transformation will focus on reconstructing core functions like issuance, pricing, and reporting for better efficiency. Read the full interview: [ETF Veteran Interview](https://www.institutional.blockstories.io/p/etf-veteran-joins-tokenization-platform-centrifuge)

Centrifuge is launching a major security audit contest in partnership with Sherlock, starting October 20th. The initiative aims to strengthen the platform's code security through community involvement. - **Prize Pool**: $100,000 in guaranteed rewards - **Target Participants**: Security researchers and white hat hackers - **Objective**: Comprehensive code testing and vulnerability assessment The contest represents a significant investment in platform security and community-driven code verification. *Security professionals interested in participating can follow [@sherlockdefi](https://twitter.com/sherlockdefi) for contest details.*

A new accelerator program called Ascend is launching to support early-stage RWA projects. The 9-week program offers: - Hands-on mentorship from industry leaders - Product and token strategy guidance - Go-to-market and distribution support - Fundraising preparation - Potential funding up to $500,000 on Demo Day The program is co-led by Plume Network and Odisea Labs, powered by Morpho. Key mentors include leadership from various web3 organizations. **Application Deadline**: August 18th **Requirements**: Early-stage teams with live products and demonstrated traction [Apply Now](http://ascendrwa.xyz)

Grove Finance has initiated deployment of $250M from its $1B strategic allocation into the onchain JAAA fund, marking significant progress in TradFi-DeFi convergence. This deployment occurs through Centrifuge's infrastructure on Avalanche. Key developments: - Centrifuge V3 launches with multichain capabilities - TACoalition adds 24 new members and appoints Centrifuge CEO to board - Platform aims for $1B TVL milestone The initiative represents institutional-grade onchain credit markets taking shape, built on transparent infrastructure. Centrifuge's V3 introduces technical innovations including chain abstraction and multi-bridge security.

Centrifuge is developing a universal, chain-agnostic infrastructure to bridge Traditional Finance (TradFi) and Decentralized Finance (DeFi). Their V3 platform features: - Chain abstraction and multi-bridge security - Unified liquidity across chains - Modular architecture for RWA integration - Institutional-grade capital infrastructure The platform enables issuers to manage single funds across multiple chains while allowing investors to access assets regardless of their blockchain location. This approach aims to create a unified global market rather than perpetuating a TradFi vs DeFi divide. Learn more at [Centrifuge.io](http://centrifuge.io)