Even in the midst of crypto winter, Centrifuge emerges from 2022 stronger than ever

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Investors are turning to real-world assets and true utility

NEW YORK, Jan. 4, 2023 /PRNewswire/ — Centrifuge, the first DeFi protocol for funding real-world assets (RWA) on the blockchain, saw substantial success and sustained growth in 2022, even as the market for Broader cryptography has seen turbulence, bolstering the tangible value of real-world assets.

Centrifuge

“As investors have taken a more discerning look, the crypto industry as a whole has undoubtedly faced judgment over the past year,” said Lucas Vogelsang, CEO and co-founder of Centrifuge. . “We believe this is a natural cycle, and tomorrow’s winners will be crypto projects that show tangible utility.”

With the crypto winter here, investors are looking for products that offer real value and generate sustainable returns in traditional asset classes. Centrifuge has been the beneficiary of this change, as the protocol brings traditional assets on-chain into DeFi, allowing companies to access funding without unnecessary third-party intermediaries. Centrifuge is the critical infrastructure connecting real-world assets to DeFi liquidity.

With Centrifuge, businesses can tokenize their real-world assets such as mortgages, bills, and consumer loans, to create asset-backed pools. Once on-chain, these assets are unlocked through securitization through Centrifuge, where investors can fund these assets, providing liquidity and generating web3 yield backed by real-world assets. Ultimately, Centrifuge aims to create a robust and decentralized credit ecosystem.

Due to these trends, here are some of Centrifuge’s 2022 highlights:

MakerDAO and BlockTower will fund $220 million in real-world assets through Centrifuge, making it the largest on-chain investment in real-world assets to date and marking the first institutional loan fund to on-chain their secured lending transactions.

Raised over $4 million from BlockTower Capital and Coinbase Ventures

Partnered with BlockTower for $3M Cash Token Sale

Exceeded over $200 million in funded assets (all time)

Announced Centrifuge Connectors, a cross-chain product that will bring native user experience to Ethereum, Avalanche, Moonbeam, and Celo.

The story continues

Despite the headwinds, Centrifuge sees plenty of opportunity in 2023 and beyond for real-world assets and crypto.

“The greatest application for real-world assets in 2023 is to provide the crypto ecosystem, especially institutional investors, stablecoins and DAOs, with the ability to maintain a balanced portfolio with risk-weighted returns. , all on chain,” Vogelsang said. “This will provide crypto with the much-needed opportunity to mature and reassert its tangible value in traditional financial markets.”

About the centrifuge

Founded in 2017, Centrifuge is a decentralized asset finance protocol. The platform enables a radically faster, more cost-effective, and fully transparent model for connecting investors and borrowers with bankless liquidity. Centrifuge opens up economic opportunities with fairer access to capital and credit.

ContactKeith [email protected]

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SOURCE Centrifuge

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