The launch adds another top asset manager to Wall Street’s tokenization drive. Companies such as BlackRock, Franklin Templeton, Apollo and Janus Henderson have adopted on-chain versions of traditional funds, betting that the technology can modernize the way assets are issued, transferred and settled. Proponents argue that the technology can reduce settlement times, improve operational efficiencies, and allow assets to move more easily between blockchain-based financial applications.
For Centrifuge, the partnership adds another large asset manager to its platform. The company already tokenizes funds from Apollo, Janus Henderson, with these assets increasingly integrated into decentralized financial protocols such as Aave and Morpho. It is also the preferred tokenization partner of Coinbase, which has made a strategic investment in the company.
The market for real-world tokenized assets has reached over $30 billion, excluding stablecoins, according to rwa.xyz. Citi predicts that tokenized assets could reach $5.5 trillion by 2030, while Standard Chartered estimates the market could reach $2 trillion by 2028 as blockchain-based finance becomes more widely adopted.
While early institutional efforts focused on tokenized U.S. Treasury funds, firms are increasingly expanding into other asset classes such as private credit, stocks, and corporate bonds.
