what's centrifuge?
Centrifuge is a blockchain-based platform specializing in the tokenization of real-world assets (RWAs), enabling the creation, management, and investment in tokenized financial products such as real estate, US treasuries, trade finance, and index funds. It provides infrastructure for seamless integration with DeFi ecosystems, supporting multichain operations across networks like Base, Ethereum, Arbitrum, and others. Key features include programmable, compliant index-tracking funds, unified vault architecture for cross-chain investments, and partnerships with institutions like S&P Dow Jones Indices, Janus Henderson, and Wormhole for interoperability. The platform has financed over $1 billion in RWAs, with notable products like the SPXA tokenized S&P 500 Index Fund and AAA CLO funds. Its native token, CFG, facilitates governance and ecosystem participation.
Centrifuge secured 5HTP investment to onboard institutions onchain.
Received investment from Serotonin's capital arm 5HTP as part of their portfolio focused on bringing institutions onchain.
Listed alongside ONDO, POLYX, and RIO as a key player in the RWA/Treasury tokenization sector in a major crypto sectors overview.
Received regulatory approval for EU real estate pools.
Entered full-trading mode on Coinbase Exchange and Coinbase Advanced with CFG-USD trading pair, enabling limit, market, and stop orders on December 22nd, 2025.
Listed among top issuers in the tokenized U.S. Treasury market, which reaches ~$8 billion market cap near all-time highs, alongside Securitize, Circle, Superstate, WisdomTree Prime, and Fidelity.
Ranks #10 in crypto's top Real World Assets projects by development activity with no change in position since last month.
Whitelabel product launches and enables Daylight Energy platform to tokenize energy assets.
Products integrate with Horizon venue, operating with institutional ownership, NAV, and redemption rails.
Sky Ecosystem allocates to Centrifuge products through Grove Finance, its RWA-focused Star, with JAAA fund used to diversify sUSDS yield sources beyond T-Bills.
Transfer Agent Framework gains SEC registration for institutional participation. Proof-of-Index product launches with verified benchmarks and 24/7 access for index products.
Tokenized assets reach $1.3 billion in total volume for 2025.
JAAA ranks as the second-largest tokenized fund deployment by market cap on Ethereum.
Migration deadline extended to December 3, 2025, and migration progress reaches 90.63% of supply (512,055,170 CFG).
Falcon Finance adds JAAA as collateral, enabling users to mint USDf stablecoin while maintaining exposure to investment grade corporate credit onchain.
Centrifuge V3 adds onchain equities as a new asset class with Caesar_data as the first issuer.
Lista DAO integrates Centrifuge-powered Treasuries and AAA CLOs on BNB Chain.
Token migration reaches 88.73% of supply (501,308,020 legacy CFG) with mandatory deadline of Nov 30, 2025, after which legacy token holders lose access to unmigrated tokens.
Centrifuge ranks #9 in top 10 DeFi projects by development activity according to Santiment, with ranking declining from the previous month.
JHI Advisors Anemoy Treasury Fund (JTRSY) reaches ~$295M market cap as the 2nd largest RWA tokenized and deploys across Ethereum, Base, Arbitrum, and Celo.
The JAAA Fund, utilizing Centrifuge as its tokenization platform, is the 2nd biggest tokenized fund in the crypto market and consists of AAA-rated CLOs managed through partnership with Sky Ecosystem, Grove Finance, and JHI Advisors.
V3 Whitelabel feature automates RWA tokenization and enables cross-chain token deployment through single contract call.
Caesar Data becomes the first company to use Centrifuge's SEC-registered transfer agent framework to offer tokenized equity, establishing infrastructure for onchain cap-table management, programmatic shareholder rights, and smart contract-based governance with potential pathways to onchain IPOs.
Centrifuge publishes joint whitepaper with S&P Dow Jones Indices introducing Proof-of-Index system that represents the S&P 500 onchain using official S&P DJI data and governance.
Protocol distributed asset value reaches $1.36B with 7.36% monthly growth, while CFG token trades at $0.191 with 5,874 holders and 10,084 unique address interactions recorded.
Centrifuge ranks #10 among top RWA projects by development activity based on GitHub metrics, with ranking falling since last month.
84.10% of all CFG tokens complete migration with 16 days remaining until the November 30, 2025 deadline.
Fully diluted valuation of $CFG stands at ~$120 million, down from ~$270 million in August 2025.
Centrifuge launches Centrifuge Whitelabel, a tokenization-as-a-service platform, with Daylight Energy (backed by a16z crypto, Framework Ventures, and Coinbase Ventures) as the first builder tokenizing U.S. energy infrastructure onchain.
Episode 3 of V3 Series releases, covering V3 protocol's implementation of ERC7540 standard for RWA integrations and secure cross-chain asset movement.
CEO Bhaji Illuminati speaks at The Bridge Conference 2025 (Nov 12) and Strobe Ventures Summit (Nov 13) in New York, appearing alongside BlackRock representatives and other institutional players on panels focused on tokenization, privacy in DeFi, and replatforming Wall Street.
WCFG (Wrapped Centrifuge) migration deadline set for November 30, 2025, requiring holders to convert to CFG using self-custodial wallets through the official migration portal.
TVL crosses $1B threshold with new Apollo fund launch and executive team expansion.
Centrifuge launches SPXA, the first tokenized S&P 500 Index Fund licensed by S&P Dow Jones Indices and deployed on Base chain.
OKX exchange upgrades to new $CFG token, enabling direct deposits and withdrawals. Token migration reaches 75% completion across all platforms.
Centrifuge ranks #8 among projects with the biggest 7-day uptick in token holder count.
Version 3.1 introduces automated cross-chain oracle and accounting updates for multi-chain RWA investments. The deRWA product goes live as a wrapper for institutional funds utilizing ERC-4626 and ERC-7540.
JAAA listed as one of the fastest growing RWAs by 30-day TVL growth.
$CFG ranks #9 among DeFi projects by development activity, with the ranking dropping since last month per Santiment data.
$CFG records $2.4M net inflow on Ethereum as smart money accumulates RWA tokens.
Centrifuge joins RWA Global alliance alongside Plume Network and WisdomTree Funds.
Protocol achieves $1.3B TVL milestone across its three tokenized products (JTRSY, JAAA, and ACDRX).
Integration with Circle's Arc Public Testnet announced, positioning the protocol as yield infrastructure for stablecoin-native yield opportunities within Arc's Economic OS ecosystem.
Protocol integrates with Aave's Horizon and secures $50M allocation from Grove Finance for ACDRX fund.
Wormhole powers the multi-chain infrastructure for V3's hub-and-spoke architecture enabling unified asset management across the 9 supported blockchains.
V3 protocol upgrade introduces multi-chain architecture supporting 9+ blockchains including Ethereum, Base, Arbitrum, Plume Network, BNB Chain, Avalanche, Solana, Stellar, and Converge.
Anemoy Capital (powered by the protocol) ranks as the 2nd largest onchain RWA issuer per a16z State of Crypto 2025 report.
TVL grows to $1.37B+ in October 2025, representing a 41.8x increase from $32.4M in April 2025, with 4 RWA Products and 2 deRWA products launched.
Janus Henderson manages the JAAA tokenized credit product issued on the protocol.
Chronicle implements Proof of Asset technology to secure and verify onchain credit market flows for Centrifuge, Sky Ecosystem, and Grove.finance.
Ranks #8 in Real World Asset projects by development activity based on github data, showing upward trend from previous month.
Protocol V3.1 audit contest is live and accepting submissions for security review.
Launches ACDRX, a feeder fund into Apollo Global's Diversified Credit Fund strategy on Plume Network with Grove.finance committing $50M. TVL reaches $1.29B with major institutional commitments including Grove.finance's $1B to JAAA, Spark.fi doubling JTRSY allocation to $400M, and FalconX committing to SPXA, while the DAO discusses implementing CFG buybacks or staking mechanisms for value accrual.
Centrifuge partners with Stellar and Etherfuse to bring permissionless RWAs including U.S. Treasuries to Stellar's DeFi ecosystem for lending, borrowing, and trading.
Partnering with MULTIPLI yield engine alongside other RWA projects like Ondo and Maple, with MULTIPLI backed by institutions including Nomura, Fasanara, Pantera, and Sequoia.
Announces Ascend Demo Day event scheduled for November 5 in partnership with Plume Network, showcasing RWA tokenization and DeFi developments.
A new governance proposal restructures the organization into two entities: Centrifuge Labs (handling product, partnerships, and growth) and Centrifuge Network Foundation Board (overseeing governance, treasury, and transparency), with CFG as the single value mechanism for the ecosystem.
Collaboration with S&P Dow Jones Indices announced to bring S&P 500 Index onchain, establishing index-linked assets in DeFi with input from S&P DJI's Chief Product Officer.
Ranks 8th among top 10 DeFi projects by development activity according to Santiment's analysis, with an upward trend indicating improved positioning since last month.
VentureBloxx RWA Tokenization Report highlights dominance in the RWA ecosystem, with infrastructure powering a $33.24B tokenization market.
Total Value Locked crosses $1 billion, up approximately 200% since July.
Launches RWA Bento program in partnership with Onigiri VC, offering $600K packages ($500K capital + $100K infrastructure credits) to early-stage founders building real-world asset products.
Centrifuge V3 launches, bringing full EVM compatibility with over 311M legacy tokens (wCFG & Substrate CFG) already migrated to the unified token.
Launches SPXA, the first licensed S&P 500 index fund on Base network.
CFG token goes live on Coinbase exchange, expanding liquidity and access on one of the industry's largest trading platforms.
JHI Advisors confirmed as the licensed partner for SPXA token launch, with Wormhole exclusively powering multichain interoperability for the S&P 500 index fund.
CFG token goes live for spot trading on Coinbase tomorrow, marking the execution of the previously announced listing roadmap addition.
Coinbase announces addition of CFG token to its listing roadmap, indicating potential future exchange listing.
Partners with Stellar Development Foundation to unlock institutional liquidity and make RWAs seamlessly usable across DeFi.
JTRSY fund has $28 million in supply deployed in Aave's Horizon RWA Market, demonstrating active integration with DeFi lending protocols.
Apollo Diversified Credit Fund launches its largest single deployment to date on Plume blockchain, operated through existing Grove Finance partnership and involving NestCredit collaboration.
Launches institutional-grade tokenized assets deJAAA and deTRSY on Raydium Protocol, Kamino Finance, and other Solana DEX aggregators.
Launches on Solana blockchain, expanding multi-chain presence for tokenized assets.
Hosts RWA summit in Brooklyn targeting capital markets and DeFi leaders, with The Spartan Group co-founder speaking at the event.
Forms multi-party coalition with Nick van Eck, AUSD, raincards, LayerZero, moonpay and EtherFi to expand Janus Henderson funds access to Hyperliquid ecosystem via HyperEVM deployment, projecting up to $225M annual ecosystem revenue.
New institutional partnership forms with Grove Finance and Janus Henderson, allocating $1bn to AAA CLOs
TVL reaches $1.2B after 10x growth in 6 months, while trading at 40x lower valuation than competitor ONDO despite similar TVL and institutional backing.
Launches on Aave's Horizon RWA market, enabling stablecoin borrowing against tokenized U.S. Treasuries and AAA-rated CLOs.
New 2.5M CFG trading incentive program launches on Bybit.
$CFG token launches on Bybit exchange, expanding market access and liquidity.
Leads digital asset inflows with $550K in 24-hour period.
New partnership with Giza Technology launches with $1M pilot for autonomous DeFi yield management.
Reaches $1B TVL milestone while securing S&P 500 index license for tokenized fund development, with potential expansion to additional major indices.
New executive order enables crypto in 401(k) plans, potentially opening $12T market for RWA tokenization platforms.
Major RWA accelerator program "Ascend" launches with $500k funding opportunity, partnering with eight leading institutions to provide comprehensive support for early-stage RWA projects.
Grove Finance launches on Avalanche with $250m RWA mandate, powered by tokenization stack for institutional credit deployment.
Grove Finance (Sky Ecosystem's SubDAO) deploys billions for RWA assets, integrating with Sky stablecoin ecosystem for yield generation.
V3 protocol implements exclusive multichain integration through Wormhole, enabling cross-chain liquidity access.
Protocol V3 goes live on Avalanche, implementing $1B Janus Henderson partnership through JAAA and JTRSY products.
New $250,000 bug bounty program launches with Cantina for V3 protocol vulnerabilities.
Market sentiment ranks protocol in C-tier for RWA protocols, despite recent billion-dollar institutional partnerships.
V3 protocol completes security audit with zero major issues, all findings addressed.
Partners with S&P Dow Jones Indices to launch first blockchain-based tokenized S&P 500 index fund, implemented through Janus Henderson Anemoy S&P 500 Index Fund Segregated Portfolio.
Sky Ecosystem partnership launches with $1B tokenized credit strategy, expanding RWA offerings.
Grove Finance joins ecosystem with $1B allocation into new tokenized AAA CLO Strategy managed by Janus Henderson.
Major institutional adoption: Janus Henderson ($300B+ AUM) integrates platform, driving $444M+ in tokenized Treasuries.
Launches production-ready RWA Launchpad for streamlined tokenization of multiple asset classes.
TVL surges from $75M to $521M following Sparkdotfi Tokenization Grand Prix win.
Partners with Converge to launch institutional-grade issuance layer for tokenized assets, enabling permissioned and permissionless RWA products with cross-protocol composability.
New RWAFI strategy launches on nashpoint.fi with ERC-7540 integration for US Treasury exposure.
Real-world assets financed through protocol surpass $1B milestone.