Centrifuge Expands Tokenized Asset Services on Solana with $400 Million Fund
Centrifuge is expanding its services on the Solana blockchain, starting with a $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY). Key points include:
- The expansion utilizes Centrifuge's "deRWA tokens" standard.
- Users can swap, lend, or use deJTRSY as collateral on Solana DeFi platforms.
- Initial platforms include Raydium, Kamino, and Lulo for earning yield from short-term Treasuries.
- The tokenized asset market is projected to reach $18.9 trillion by 2033.
- Solana Foundation partnered with R3 to enhance real-world assets on Solana.
- Apollo credit assets will also be introduced to Solana-based DeFi protocols.
Bhaiji Illuminati, CEO of Centrifuge, emphasized the importance of providing utility for real-world assets in DeFi from the outset.