Blockchain/Finance
Centrifuge Launches Tokenized RWAs on Solana with a $400 Million Treasury Fund
Centrifuge is bringing its tokenized asset solutions to the Solana blockchain, highlighted by a $400 million tokenized U.S. Treasury fund, amidst the growing intersection of traditional finance and decentralized finance.
1 min read
Overview
Centrifuge has announced its expansion into the Solana blockchain, spearheaded by a $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY). This strategic move aims to facilitate yield generation from short-term Treasuries for users on decentralized finance (DeFi) platforms such as Raydium, Kamino, and Lulo.
Key Details
- Centrifuge’s new offering, the deJTRSY token, enhances usability by allowing token holders to leverage tokenized instruments within various DeFi protocols.
- Additionally, this development coincides with recent partnerships by the Solana Foundation with blockchain technology firms like R3 to further integrate real-world assets into the blockchain ecosystem, in addition to new Securitize-issued tokenized funds for Solana.
Insights
- “Tokenizing assets is just the starting point,” Bhaji Illuminati, CEO of Centrifuge, remarked. “What truly matters is giving real-world assets utility onchain: making them usable across the DeFi stack from day one.”
Further Reading
Explore Major TradFi Institutions to Pursue Tokenization Efforts on Solana
