Centrifuge

Market position

Centrifuge describes itself as a leading and among the largest platforms for tokenized real-world assets, reporting more than $1.8B in total value locked, 1,768 assets tokenized and over $2B in cumulative RWAs tokenized, with institutional users including Apollo, Janus Henderson, New York Life Investment Management and S&P Dow Jones Indices.

Centrifuge positions itself as one of the first and largest tokenization platforms, citing early precedents (first RWA minted with MakerDAO, first RWA market on Aave, first fully onchain fund with BlockTower), pre-built modules that shorten development time, chain abstraction that unifies liquidity across EVM networks via Wormhole, deep DeFi composability through ERC-4626 and ERC-7540 vault standards, and a security record including 21+ audits.

Technology

Centrifuge V3 is a modular, multichain protocol deployed across EVM networks, with cross-chain interoperability provided by Wormhole and chain abstraction that presents a unified liquidity layer to issuers and investors. It offers pre-built modules for tokenization, NAV calculation, investor management and multi-chain distribution, an SDK and API for custom frontends and integrations, and ERC-4626 and ERC-7540 compliant assets for DeFi interoperability. Documentation cites 21+ audits and deployments on seven chains; a block explorer (Centrifugescan) and open-source repositories are provided.

Go-to-market

Centrifuge sells directly to institutional asset managers and issuers (contact-based enterprise engagement plus self-serve tooling), distributes tokenized products through DeFi integrations and the deRWA distribution channel, and builds developer adoption through documentation, an SDK/API and GitHub. It also cultivates the category through industry initiatives such as the Tokenized Asset Coalition, the Real-World Asset Summit and token standards work, and publishes a monthly tokenized market commentary newsletter.

Institutional asset managers, fintechs, DAOs and DeFi protocols seeking to tokenize and distribute funds, credit, treasuries and other assets, plus investors seeking exposure to tokenized institutional-grade assets.

Geography

The sources do not specify office locations; the platform is deployed across multiple public blockchains, with Centrifuge V3 live on Ethereum, Plume, Base, Arbitrum, Avalanche and BNB Chain and documentation citing deployments on seven chains.

History

Founded in 2017, Centrifuge says its technology powered early real-world-asset milestones including minting the first RWA with MakerDAO, creating the first RWA market on Aave, and launching the first fully onchain fund with BlockTower. In 2025 it reported winning the $1B Spark Tokenization Grand Prix, launching Janus Henderson's flagship AAA CLO strategy onchain with a $1B allocation from Sky via Grove, and partnering with S&P Dow Jones Indices. Plume integrated Centrifuge V3 and the RWA Launchpad in May 2025, and in July 2025 Centrifuge completed its V3 migration with a launch across six EVM chains. Subsequent announcements cover a New York Life Investment Management tokenization partnership, Symbiotic-enabled instant liquidity for Janus Henderson and NYLIM tokenized funds (August 2026), and a strategic stake in the Centrifuge ecosystem taken by Grove (August 2026).

Risks & controversies

No risks or controversies are described in the available sources. Note that two sources in the fetched set concern unrelated companies with similar names (Centrifuge Systems, a big-data analytics firm acquired by Culmen International in 2019, and centrifuge manufacturer Centrisys) and were excluded.