Centrifuge, a real-world assets (RWA) protocol, on Wednesday unveiled a tokenization platform designed to help institutions, fintech startups, and decentralized finance (DeFi) applications create tokenized financial products faster and more securely.
The new platform, called Centrifuge Whitelabel, provides modular infrastructure for creating tokenized versions of assets ranging from private credit and insurance to energy infrastructure and private equity, according to a press release shared with CoinDesk.
Daylight, a decentralized energy infrastructure startup that recently raised $75 million led by Framework Ventures, is the first to leverage the new service. The company uses the platform to create tokenized vaults for energy assets. In doing so, Daylight avoids much of the complex back-end development required for issuance, investor onboarding and asset distribution across chains, the company said.
“Centrifuge’s architecture gives us maximum expressiveness and a robust set of primitives to build on,” Daylight co-founder Jason Badeaux said in a statement. “It’s not just about speed to market, the extensible design allows us to build mechanisms tailored to our needs for security, customization, and native DeFi integration.”
The offering comes amid a growing push to introduce tokenization, the process of issuing blockchain-based representations of traditional financial instruments. Large asset managers and banks have explored the tokenization of funds or private credit, with the aim of improving liquidity and access. The sector is expected to reach nearly $19 trillion by 2033, up from $35 billion currently, according to a report from BCG and Ripple.
Centrifuge, founded in 2017, was one of the first pioneers to bring RWAs online. It is a key player in this rapidly growing sector, distributing more than $1.3 billion in tokenized assets, including credit funds and stock indices, according to data from RWA.xyz.
“Our mission has always been to make tokenization a public service, a system that everyone can rely on, but that meets the same standards as the world’s largest asset managers,” Jeroen Offerijns, CTO and co-founder of Centrifuge Labs, said in a statement. “With Centrifuge Whitelabel, we have taken the same infrastructure trusted by global institutions and opened it up to the entire market. »
Centrifuge Whitelabel is available in two tiers: a self-service model for developers and a collaborative offering for teams who want more hands-on support.
The company also offers a fully managed service through its asset management arm, Anemoy.
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