Centrifuge joins BlackRock’s BUIDL and Ondo Finance in the $1 billion RWA club as demand grows for tokenized products.
Blockchain infrastructure platform Centrifuge has crossed $1 billion in total value locked (TVL), joining the ranks of BlackRock’s BUIDL fund and Ondo Finance as the only real-world asset (RWA) platforms to surpass the milestone.
Centrifuge CEO Bhaji Illuminati attributed the milestone to institutions moving from pilots to “real deployments,” alongside strong onchain allocator demand.
“Markets need more than T-bills,” Illuminati told Cointelegraph, pointing to JAAA, an onchain version of Janus Henderson’s AAA-rated collateralized loan obligation (CLO) investment fund, as a natural next step for institutions seeking higher yields than risk-free rates.
