TL;DR
- Centrifuge raises $15 million in Series A funding round, led by ParaFi Capital and Greenfield.
- Since 2017, the platform has been leading the tokenization of real-world assets, acting as a bridge between traditional and DeFi finance.
- The platform plans to launch an institutional-grade lending market for RWAs on Base, Coinbase’s Ethereum layer 2 network.
The on-chain finance platform, Centrifuge, has raised $15 million in a Series A funding round. The investment was co-led by ParaFi Capital and Greenfield, paving the way for Centrifuge to drive adoption of decentralized finance (DeFi) among financial institutions.
Since its launch in 2017, Centrifuge has positioned itself as a leader in tokenizing real-world assets, serving as a bridge between traditional and decentralized finance (DeFi). The platform has established a secure and highly compatible infrastructure, making it an attractive alternative for both institutions and the on-chain community.
Co-founder Lucas Vogelsang emphasized the company’s vision of building a financial system based on accessibility, transparency, and interoperability, fundamental pillars for the DeFi sector. Vogelsang stressed that Centrifuge is not simply recreating existing off-chain processes but creating new opportunities and business models never before possible.
The funding round included funds from Arrington Capital, Circle Ventures, and Gnosis, providing significant backing to Centrifuge’s focus on tokenizing real-world assets. This financial support will enable the platform to drive product development, create on-chain utility, and foster ecosystem growth.
Centrifuge: A Bridge to Decentralized Finance (DeFi)
To enhance on-chain utility, the platform plans to launch an institutional-grade lending market for Real World Assets (RWA) on Base, Coinbase’s Ethereum layer 2 network. This initiative will allow institutions to verify and obtain loans against their real-world assets quickly and securely, without sacrificing compliance with regulatory requirements.
Following the funding announcement, Centrifuge (CFG) experienced a 19% increase in just a few hours. This reflects market confidence in the project and its growth potential. Its current price is $0.7152.
The platform’s vision goes beyond tokenizing real-world assets; it aims to fundamentally transform the financial system, making markets more open, fair, and decentralized. With this latest financial boost, the platform is well positioned to reach new heights in its mission.
