Centrifuge has been creating quite a splash in the decentralized finance (DeFi) world. The decentralized exchange’s total value locked (TVL) has skyrocketed to an all-time high of $437 million. This growth has had a major impact on the growth of the real-world asset (RWA) sector in DeFi.
Centrifuge's TVL experienced a notable increase. It leapt from $237 million to $437 million, a huge increase. This rush can be largely credited to Centrifuge’s new, innovative, tokenized fund.
The Centrifuge Protocol, tracked & monitored by DefiLlama, was able to reach this milestone. The platform’s success highlights the platform’s importance in connecting traditional assets to DeFi.
Perhaps the biggest driver of Centrifuge’s growth is its tokenized fund. This fund is a major step in enabling real-world assets to live and thrive on-chain and within the DeFi ecosystem. For the fund, investments and redemptions are efficiently processed using USDC.
This past September, Centrifuge together with Janus Henderson launched the Janus Henderson Anemoy Treasury Fund. This fund is managed under a traditional license from the British Virgin Islands Financial Services Commission (FSC). Especially, it’s open to non-US investors looking for exposure to tokenized assets.
Tinlake serves as Centrifuge's flagship product. It functions as a decentralized marketplace. Additionally, it opens up a new investment avenue for tokenized assets, increasing their accessibility and liquidity.
Centrifuge is one of the largest players in DeFi’s Real World Asset (RWA) sector. This industry just hit the $12 billion milestone on May 9. On the same day, the RWA sector in DeFi reached a new all-time high of $12 billion, highlighting its increasing prominence.
Since its February launch, Centrifuge’s APY has varied from 3.3% to 4.6%. The platform hopes to maintain a 3.8% APY, providing some relatively high returns to investors.
