Centrifuge

Centrifuge has launched Proof-of-Index, a framework that creates verifiable connections between official portfolio data and onchain net asset value pricing for tokenized index funds. **Key Features:** - Built using licensed data from S&P Dow Jones Indices - Provides auditable alignment between tokenized funds and their underlying holdings - Already operational, powering SPXA on Base network - Handles daily rebalancing while maintaining auditability The infrastructure addresses a core challenge in tokenized index funds: ensuring that onchain representations accurately reflect their real-world holdings. The framework aims to bring institutional-grade verification to programmable finance products.

**Institutional credit is now flowing into DeFi lending markets** as tokenization infrastructure evolves beyond simple issuance. The gap between traditional assets and decentralized finance continues to narrow. **Key developments:** - Centrifuge V3.1 upgrade brings sharper multichain execution across 10 chains - Automated onchain accounting with transparent double-entry bookkeeping - Modular architecture adapts to different asset structures - Distribution capabilities now outpacing basic issuance as competitive differentiator The shift reflects tokenization behaving like infrastructure rather than narrative. Real-world assets are gaining DeFi's composability while maintaining institutional-grade accounting and verification standards. Multichain operations have become table stakes, with hub-and-spoke architecture simplifying deployment. Teams using Whitelabel can launch tokenized assets with real-time, verifiable accounting from day one. The focus has moved from whether to tokenize to which infrastructure can reliably operate tokenized products across chains with full visibility.

**Yield-generating products are becoming the primary driver of real-world asset (RWA) adoption in onchain finance.** - Treasury bills and credit instruments are attracting significant attention from onchain allocators - Investors are actively diversifying their portfolios beyond traditional crypto-native yield sources - The shift represents a maturation of the onchain finance ecosystem This development follows the broader trend of RWA tokenization scaling across the industry, with total value locked exceeding $10 billion. Institutional players continue building infrastructure to support these traditional financial instruments onchain.

**ACRDX**, the tokenized Apollo Diversified Credit Fund, is now live on **Morpho**, expanding institutional credit access onchain. **Key Details:** - Provides tokenized exposure to Apollo Global's diversified credit strategy - Initially launched on Plume Network with $50M deployment via Grove Finance - Offers 24/7 access with real-time reporting and programmable settlement **What It Covers:** - Corporate and direct lending - Asset-backed credit strategies - Institutional-grade asset management **Technical Infrastructure:** - Built on Centrifuge's tokenization platform - Data transparency via Chronicle Labs oracles - Cross-chain capability through Wormhole This marks a significant step in bringing traditional credit markets onchain, offering risk-adjusted yield beyond crypto-native assets. The move to Morpho extends ACRDX's reach across DeFi protocols. [Read full details](http://centrifuge.io/blog/acrdx-launch-on-centrifuge)

Centrifuge V3.1 introduces fully automated, onchain accounting for tokenized assets, implementing traditional double-entry bookkeeping directly on the blockchain. **Key features include:** - Transparent and auditable accounting by default - Automated NAV calculations and share pricing - Oracle updates that synchronize across multiple chains - Full visibility into pricing logic and state Builders using Centrifuge's Whitelabel solution can now deploy tokenized assets with real-time, verifiable accounting from launch. The update expands support to 10 chains through a hub-and-spoke architecture, allowing teams to launch assets on any supported chain within minutes. This infrastructure update aligns with how institutions currently operate across multiple chains, bringing traditional accounting standards to onchain finance.

**Graham Jenkin sits down with All In Crypto for an in-depth conversation** exploring the current state and future of blockchain technology. The interview covers: - Real-world challenges facing tokenized finance - Practical opportunities in the secure digital asset space - Technical considerations for building onchain financial infrastructure Jenkin brings his experience in blockchain development to discuss what's actually working in the industry versus what remains theoretical. [Watch the full interview](https://www.youtube.com/watch?v=Btr6WBUX-3k)

**Major shift in traditional finance approaches decentralized systems** Financial institutions are accelerating their integration with decentralized finance (DeFi) infrastructure. This marks a significant pivot as traditional banks and financial services recognize the efficiency and capabilities of blockchain-based financial rails. The move represents a convergence between conventional banking and decentralized protocols, suggesting that institutional adoption of DeFi technology is reaching a critical inflection point. **Key implications:** - Traditional finance embracing blockchain infrastructure - Potential for faster, more efficient financial services - Blurring lines between centralized and decentralized systems This development follows earlier predictions that DeFi would become indistinguishable from traditional finance, indicating the sector is maturing beyond its experimental phase into mainstream financial infrastructure.

The onchain finance ecosystem is seeing coordinated activity across three key sectors: - **Issuers** are launching new funds - **Allocators** are deploying capital into opportunities - **Builders** are integrating financial rails and infrastructure The core thesis: revenue naturally flows from building infrastructure that the market actively chooses to use, rather than forcing adoption. This approach prioritizes long-term infrastructure development over chasing short-term yield trends. The focus remains on creating durable systems that function regardless of current market conditions, rather than products tied to temporary opportunities.

**Major shift in traditional finance infrastructure** In 2025, core financial instruments moved onchain at scale: - **Treasuries** - Government bonds digitized on blockchain - **CLOs** - Collateralized loan obligations tokenized - **Diversified credit** - Various credit products now blockchain-native All three asset classes are now operating and scaling onchain, marking a significant infrastructure transition for traditional finance. This foundation sets the stage for 2026 developments in digital finance.

**Privacy and compliance in DeFi aren't mutually exclusive** - they're engineering decisions. **Key approach:** - Enforce access controls selectively - Prove eligibility to relevant parties only - Provide audit evidence when required, not by default to everyone **The shift:** Moving away from blanket public transparency toward targeted, permissioned disclosure. This allows DeFi protocols to meet regulatory requirements while protecting user privacy. **Why it matters:** As institutional adoption grows, protocols need mechanisms that satisfy compliance without sacrificing the privacy principles that make decentralized finance viable at scale. The technical implementation details are explored by [@0x4Graham](https://twitter.com/0x4Graham), showing how onchain systems can balance these competing demands through smart contract design.