Centrifuge Partners with Wormhole to Launch Cross-Chain Tokenization Platform

Key Points to Know:

• Centrifuge V3 will enable users to oversee tokenized real-world assets across various blockchains through one unified platform.

• The launch includes a $230 million tokenized U.S. Treasury fund managed by Anemoy.

• Wormhole will supply the cross-chain infrastructure needed to ensure liquidity and seamless integration across networks.

Centrifuge, a platform focused on real-world asset tokenization, has rolled out its newest version, Centrifuge V3, in collaboration with cross-chain messaging protocol Wormhole.

This upgraded system aims to simplify the process for fund managers and investors by allowing them to manage tokenized assets across various blockchains through one streamlined interface.

The launch kicks off with a $230 million fund from Anemoy, a crypto-native asset manager built on Centrifuge. This fund, which holds U.S. Treasury securities managed by Janus Henderson, represents one of the most sizable real-world asset tokenizations to date.

Centrifuge V3 features what it calls “full chain abstraction,” enabling users to invest in, manage, and issue tokenized assets without needing to directly engage with the underlying blockchain technology, according to a press release.

Wormhole, a widely used cross-chain bridge, provides the interoperability layer for the integration. Its function is to make tokenized assets on Centrifuge fully composable, allowing them to be utilized across both decentralized finance (DeFi) applications and institutional platforms.

Centrifuge has been steadily growing its ecosystem. Last year, the project secured $15 million in an oversubscribed funding round while also extending its reach to Coinbase’s layer-2 network, Base.