Centrifuge

**2025 marked RWA tokenization's evolution from experimentation to institutional infrastructure.** Three major reports confirm the shift: - **Birdeye RWA Spectrum 2025** shows institutions moving real capital onchain across credit, equities, and funds - no longer just testing pilots - **Keel Finance's tokenization regatta** demonstrates accelerating institutional adoption across platforms - **Centrifuge's year-end analysis** identifies key trends: regulated custody, benchmarks, and real equity moving from concept to production **The foundation is set for 2026's challenge: institutional deployment at scale.**

**2025 marked a pivotal shift** as crypto market infrastructure began connecting into a cohesive system. Key developments this year: - **Building blocks are now in place** across the ecosystem - Infrastructure is **taking tangible shape** after years of development - Market positioning complete for those who **paid attention** The focus now shifts to **volume flow** - how quickly transactions and capital will move through these newly connected rails. **2026 outlook**: Those who understood and positioned themselves during 2025's infrastructure buildout are **well-positioned** for the next phase of market evolution. The foundation is set. Now we measure adoption speed.

**Equity tokenization is becoming the next major frontier** after 2024's focus on Treasuries. The shift toward **equity and private markets** represents the real opportunity for 2025, with BCG forecasting the tokenization market to reach **$18.9 trillion by 2033**. Key developments: - Equities expected to dominate the tokenization landscape - Supporting infrastructure finally taking shape - Private markets gaining traction alongside public equity This evolution follows 2024's Treasury-focused year, where tokenized U.S. Treasuries saw significant growth and competition among blockchain platforms intensified.

**Institutions are moving toward familiar benchmark products** as they seek confidence in crypto allocations. - Traditional investors prefer **regulated benchmarks** they can understand - **Proof-of-Index** demonstrated the viable path forward - Infrastructure for **onchain regulated benchmarks** is now emerging This shift represents institutions gravitating toward **standardized risk assessment tools** rather than experimental crypto products. **Standards are crystallizing** as the market matures beyond speculation toward institutional-grade infrastructure.

**Tokenization has matured from experimental phase to production-ready infrastructure.** The technology now offers institutional-grade standards and capabilities. **Key developments:** - Hard standards have replaced speculative hype - Production-grade rails are now operational - Infrastructure can handle institutional trading volumes **This represents a fundamental shift** from proof-of-concept to scalable, real-world implementation. The underlying architecture is now **programmable, interoperable, and globally accessible**. Institutions no longer need to wait for the technology to catch up to their requirements.

Centrifuge has extended its CFG token migration deadline by **48 hours** until December 3, 2025, giving holders additional time to migrate from legacy tokens. **Migration Progress:** - 512,055,170 legacy CFG tokens migrated - **90.63% of total supply** already converted - Increase from 88.73% just days earlier **Critical Action Required:** Holders of legacy CFG (wCFG or Substrate CFG) must migrate to the new ERC-20 version by December 3 or **risk losing access** to their tokens permanently. **Resources Available:** - [Migration FAQ](https://gov.centrifuge.io/t/centrifuge-token-migration-update/6860) - [Complete Migration Guide](https://docs.centrifuge.io/getting-started/token-summary/) With over 9% of tokens still unmigrated, time remains limited for remaining holders to complete the process.

**Centrifuge is transforming asset management** from traditional limited-hour operations to a continuous 24/7 model powered by tokenization. **Key developments:** - CEO Bhaji Illuminati outlined the company's vision for fully onchain fund management - Tokenization makes running funds easier, faster, and more accessible - Centrifuge positions itself as leading this industry shift The announcement comes as Illuminati participates in major New York conferences this week, including: - **The Bridge Conference 2025** - focusing on privacy layers for compliant DeFi - **Strobe Ventures Summit** - discussing Wall Street's digital transformation These events bring together traditional finance giants like BlackRock with DeFi innovators to explore how global finance is being rebuilt onchain. **The vision:** Asset management that operates continuously without traditional market hour constraints, enabled by blockchain technology and tokenization. [Listen to the full podcast episode](link) for deeper insights into Centrifuge's asset management transformation.

**Centrifuge hits $1.3B in total value locked** across tokenized real-world asset products including JTRSY, JAAA, and ACDRX. Key developments include: - Integration with **Aave's Horizon** expanding DeFi access - Launch of tokenized **Apollo Diversified Credit Fund (ACDRX)** - **$50M allocation** from Grove Finance - Featured in OurNetwork's RWA roundup The milestone represents significant growth from the $1B TVL reached by the Janus Henderson Anemoy AAA CLO Fund alone in October. Centrifuge continues bridging traditional finance with DeFi through **transparent, accessible tokenized assets**. [Read the full report](https://www.ournetwork.xyz/p/on-375-real-world-assets)

**Real World Assets (RWAs) are scaling up** from experimental pilot programs to mainstream adoption, marking a significant shift in onchain finance. **Key developments include:** - Enhanced investor access to tokenized assets - Deeper market liquidity for RWA tokens - Improved DeFi integration capabilities According to @0xGraham's analysis, these advances position **RWAs as fundamental infrastructure** for onchain finance rather than experimental technology. The transition represents a maturation of the tokenized securities market, with **institutional backing** from major players like BlackRock and JPMorgan driving adoption. **Infrastructure improvements** are enabling no-code asset issuance and full compliance frameworks, making RWAs accessible to institutions, startups, and individual asset owners. This scaling phase suggests **2025 could be pivotal** for mainstream RWA adoption as the technology moves beyond proof-of-concept to practical implementation. [Read the full analysis](https://beincrypto.com/tokenized-securities-how-when-next-year/)

**TVVIN launches tokenized gold product** on Centrifuge V3's open, modular infrastructure. The platform connects tokenized assets with DeFi, bringing **institutional-grade gold onchain** efficiently and securely. **Key features:** - Built on Centrifuge's modular infrastructure - Enables institutional-scale asset tokenization - Connects traditional gold assets to DeFi ecosystem Centrifuge V3 allows institutions to **build, run, and distribute tokenized assets at scale**, supporting the broader movement of real-world assets onchain. [Read full story](https://medium.com/tvvin/tvvin-launches-tokenised-gold-on-centrifuges-open-infrastructure-1b3a0045c2f0)