Centrifuge (CFG), a blockchain platform focused on tokenizing investment products, appointed Jürgen Blumberg, former manager of Goldman Sachs of the company Accelerator of Exchange Funds (ETF) of the company in Europe, as a new chief of the farm.
It will also serve as a director of investments for Anemoy, the Affiliated Company for the Management of Centrifugal Chain assets.
The appointment comes as the tokenization of active world active (RWA) attracts new attention from the world of traditional finances. World banks, asset managers are increasingly explored using blockchain rails to move and register asset ownership such as bonds, funds and stocks. They do it to continue operational efficiency, wider distribution and 24 -hour programmable transactions.
It is potentially a huge opportunity. The Rwa tokenized market, now at 25 billion dollars and more than to double in one year, is expected to reach several billion dollars in the next decade, according to McKinsey, 21shares, Ripple and BCG reports.
The centrifuge built regulated structures for these products, positioning itself as a bridge between blockchain rails and financial institutions seeking exposure to digital versions of familiar investment products. It has more than $ 760 million of total value locked on the platform, according to Defillama data, including the US Treasury Fund of $ 400 million issued with Anemoy. The protocol recently extended Avalanche (AVAX) and Solana (Sol) products, has created a chain version of the S&P 500 index and launched a tokenized fund of guaranteed loan bonds with the asset manager Janus Henderson.
Before joining centrifuge, Blumberg spent more than two decades in traditional capital markets at Goldman Sachs, Investo and Blackrock, helping to develop the ETF market in a significant part of the world management of assets. In an interview with Coindesk, he establishes parallels between tokenization and the first days of ETF and how he disrupted the market for placement funds.
“There is a large part of the world which has never been really at the center of traditional finance: the world of world, for example, or all countries that have problems with high inflation or with currencies that are not really easy to use in other jurisdictions,” said Blumberg. “Now suddenly they get a brand new ecosystem in the defi [decentralized finance] world, which allows everyone to participate [and] Give them the same quality of products as anyone. “”
“The tokenized active workers in the real world really democratize the financial ecosystem,” he added.
Blumberg will focus on the creation of traditional financing companies on the chain and will simultaneously improve token operations and products for institutional use.
“There is a great distribution opportunity for Tradfi,” he said. “From a technological point of view, if you are too late, you could miss the train.”
Read more: the Credit Agricole asset unit supports the exchange of token SMEs in Europe
