The centrifuge of tokenized asset platform said that it expansisse the services on Solana blockchain, starting with the US Treasury Fund of $ 400 million managed by Anemoy (JTSY).
The expansion is based on the centrifugal token standard – nicknamed “Tokens Derwa” – which allows tokens to transfer and freely use token instruments through decentralized funding protocols (DEFI).
In this case, the Dejtrsy token can be exchanged, loaned or used as a guarantee, allows Solana users to gain short-term yields natively in the Solana Defi platforms, first on the decentralized Raydium exchange, the Kamino loan platform and the Lulo yield aggregator.
The deployment underlines the growing momentum of Solana in the Rwa tokenized space, a red -heated sector which aims to provide traditional financial instruments such as the obligations, funds and credit on blockchain rails. This is a huge opportunity: Boston Consulting Group and Ripple has planned that the tokenized asset market could reach 18.9 billions of dollars by 2033.
This week, the Solana Foundation has teamed up with the Blockchain Technology Company focused on R3 banks to provide real assets to Solana, while the tokenized Apollo credit assets is also introduced into the DEFI protocols based in Solana.
“Tokenizing assets are only the starting point,” said Bhaji Illuminati, CEO of centrifuge. “What really matters is to give a utility of real active ingredients on active world: to make them usable through the DEFI battery from the first day.”
Read more: Main tradfi institutions to continue tokenization efforts on Solana
