Centrifuge is an infrastructure that issues, operates, and distributes real assets, private credit, government bonds, funds, and structured products on-chain. Official documentation defines Centrifuge as an “institutional-grade infrastructure” that enables asset managers, fintechs, and DeFi protocols to create compliant tokenized products. The official site lists figures of over $1.8 billion TVL and 1,768 tokenized assets, while the document states that over $2 billion RWA has been tokenized through the platform. (Centrifuge) 1. RWA: RWA represents physical or off-chain financial assets such as bonds, real estate, and private credit as on-chain tokens. On-chain state mapping exists indirectly through pools, share tokens...
Centrifuge is a 71.8 point RWA operating layer with strong V3 multichain execution and institutional adoption, but revenue autonomy and governance remain constraints.
Investment View
Centrifuge has moved from RWA lending experiments toward institutional onchain asset management infrastructure, with the next test centered on revenue to AUM and chain liquidity efficiency.