Investors turn to real assets and material benefits
New York , Jan. 4, 2023 /PRNewswire/ -- Centrifuge , the first DeFi protocol for real asset funding (RWA) on blockchain, has seen significant success and continued growth despite some volatility in the broader cryptocurrency market in 2022. , increases the real value of real assets.
"With investors becoming more cautious, the crypto industry has undoubtedly struggled to report on the past year," said Lukas Vogelsang , CEO and co-founder of Centrifuge. "We believe this is a natural cycle and tomorrow's winners will be crypto projects that show real utility."
With crypto winter settling in, investors are looking for products that offer real value and sustainable returns while staying within traditional asset classes. Centrifuge has benefited from this change as the protocol moves traditional assets onto the DeFi chain and allows businesses to access funds without unnecessary third-party intermediaries. Centrifuges are the critical infrastructure that connects physical assets to DeFi liquidity.
With Centrifuge, companies can tokenize their real-world assets like mortgages, bills of exchange, and consumer loans to create asset-backed pools. Once these assets are admitted to the network, they are unlocked through securitization through Centrifuge, where investors can monetize these assets, providing liquidity and generating Web3 revenue backed by real assets. Ultimately, Centrifuge aims to build a trusted and decentralized lending ecosystem.
With those trends in mind, here are some Centrifuge highlights for 2022:
- MakerDAO and BlockTower will invest $220 million in real assets through Centrifuge , the largest on-chain real asset investment to date and the first institutional credit fund to invest in its secure on-chain lending operations.
- Raised over $4 million from BlockTower Capital and Coinbase Ventures.
- Blocktower partners sell $ 3M worth of cash tokens
- Over $200 million in funded assets (continuous)
- Announcing Centrifuge Connector, a cross-chain product that will provide a native user interface for Ethereum , Avalanche, Moonbeam and Cello.
Despite headwinds, Centrifuge sees plenty of opportunities for real assets and cryptocurrencies in 2023 and beyond.
“The biggest use of real assets in 2023 is to allow the crypto ecosystem, particularly institutional investors, stablecoins and DAOs, to maintain a balanced portfolio where all returns on-chain are risk-weighted,” Vogelsang said. "This will give the cryptocurrency a much-needed opportunity to mature and prove its true value in traditional financial markets."
About centrifugeFounded in 2017, Centrifuge is a decentralized asset finance protocol. The platform offers a radically faster, cheaper and fully transparent model to connect investors and borrowers to liquidity without banks. Centrifuges open up economic opportunities with fair access to capital and credit.
Contact:
Keith Chapman
Keith@chapppublicrelations.com
To download the media, visit the original content: https://www.prnewswire.com/news-releases/even-amidst-crypto-winter-centrifuge-emerges-from-2022-stronger-than-ever-301712764.html.
Initial centrifuge