Centrifuge Raises $15M to Foster Institutional DeFi Innovation

• Centrifuge has concluded its Series A funding round.
• The round was co-led by ParaFi Capital and Greenfield.
• The protocol secured a strategic investment for its mission.

Real-world asset lending protocol Centrifuge announced Wednesday the conclusion of its multimillion-dollar Series A funding round, which ParaFi Capital and Greenfield co-led.

Since its launch in 2017, Centrifuge has been at the forefront of real-world asset (RWA) tokenization, pioneering the way to bridge traditional and decentralized finance (DeFi). The company’s recent launch of its on-chain fund management platform to onboard credit funds to public blockchains further solidifies its position as an industry leader.

Centrifuge Bags $15M Investment

In a press release dated April 17, Centrifuge said its oversubscribed Series A funding round yielded a strategic investment of $15 million. The protocol will use part of the fund to create a “universal gateway” to on-chain liquidity via a comprehensive and user-friendly fund management platform.

This includes building and deploying an institutional-grade lending market for RWAs, built on the Ethereum Layer 2 network Base and integrated with Coinbase Verification.

“These integrations will allow institutions to quickly and safely onboard to real-world assets. The real-world asset market gives instant liquidity and the ability to borrow against real-world asset holdings, all without sacrificing compliance or regulatory requirements,” the protocol said.

In addition to product innovation, Centrifuge said it would use the investment to cultivate ecosystem growth by building on the Tokenized Asset Coalition, of which the protocol is a founding member. Other coalition members include Coinbase, Circle, Solana Foundation , Polygon, Fireblocks, Ava Labs, and more.

Per the statement, the protocol will also use the investment to make strategic hires to accelerate innovation and adoption.

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