Centrifuge

Centrifuge had an eventful past 3 months. Frax, Aave, and Web3 Foundation supported real-world assets. Centrifuge went live on Arbitrum, Base, and Celo. The RWA Summit will return in 2024.

Web3foundation has executed its $1M investment in US Treasurys on Centrifuge's Anemoy Pool, following their announcement before the holidays. Centrifuge is becoming a popular entry point for onchain organizations like Aave and Fraxfinance to invest in real-world assets.

Centrifuge Credit Group provides a comprehensive analysis of the skyrocketing popularity of US Treasurys onchain, a $25 trillion market. They highlight Anemoy, a pool of US Treasurys on Centrifuge, which has seen growth as organizations like Web3foundation, Aave, and fraxfinance choose Centrifuge as their entry point to real-world assets.

Centrifuge has released a significant update to its app, offering multi-chain connectivity for Arbitrum, Buildonbase, and CeloOrg. The update also includes new Portfolio and Tokenized Asset pages, as well as a preview of the upcoming Centrifuge Prime dashboard.

Centrifuge has successfully bridged the gap between decentralized finance (DeFi) and traditional finance (TradFi). The platform has achieved significant milestones, including minting MakerDAO's first real-world asset, facilitating the first onchain securitization, and collaborating with BlockTower to bring the operations of the first credit fund onchain. This integration unites the world of suits (traditional finance) and hoodies (cryptocurrency enthusiasts).

Centrifuge has proposed to bring Centrifuge Prime to Frax Finance in an effort to introduce a new counterparty and foundational infrastructure. The partnership aims to support Frax's RWA ecosystem and provide opportunities for future collaboration in deploying Centrifuge on Frax Chain and building RWA linked primitives.

Centrifuge is happy to support the initiative by Borderless Capital. They believe in a multi-chain future.

The Centrifuge community has proposed ERC-7450, which defines a standard for asynchronous vaults. This will enable greater composability of real-world assets in the Ethereum ecosystem. The importance of new token standards for RWAs is highlighted in a blog post by @offerijns.

Web3foundation, the team behind Polkadot, will deploy part of its treasury into real-world assets on Centrifuge. The pilot investment will be in Anemoy, a new pool that brings tokenized short-term US treasuries to Centrifuge, offering DAOs and onchain organizations access to highly-liquid, low-risk returns.

KintoXYZ is developing the first Layer 2 solution for decentralized, KYC-compliant onchain finance. They plan to launch Centrifuge on Kinto in the near future, as both platforms share a vision for onchain finance.