Centrifuge Teams Up with Wormhole to Launch a Multichain Tokenization System
Finance/Tech

Centrifuge Teams Up with Wormhole to Launch a Multichain Tokenization System

Centrifuge V3 aims to streamline real-world asset tokenization across multiple blockchains, starting with a significant $230 million fund managed by Janus Henderson.

Overview

Centrifuge has unveiled its latest advancement, Centrifuge V3, in a collaboration with the multichain messaging service Wormhole. This innovative platform enables fund managers and investors to manage tokenized assets effortlessly across various blockchains using one cohesive interface.

Launch Details

  • The system kicks off with a $230 million fund managed by Anemoy, a crypto-focused asset manager associated with Centrifuge.
  • This fund allocates investments into U.S. Treasury securities, specifically managed by Janus Henderson, representing one of the largest real-world asset tokenizations thus far.
  • The new Centrifuge structure provides “full chain abstraction,” allowing seamless investments, management, and issuance of tokenized assets without direct blockchain interactions.

Wormhole’s Role: As a widely recognized cross-chain bridge, Wormhole ensures that the tokenized assets on Centrifuge are entirely composable, making them usable in both decentralized finance and institutional settings.

Centrifuge continues to evolve, having previously secured $15 million in an oversubscribed funding round as it expanded its services onto Coinbase’s layer-2 network, Base.

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