Centrifuge, a real-world asset (RWA) protocol, on Wednesday unveiled a tokenization platform designed to help institutions, fintech startups, and decentralized finance (DeFi) applications create tokenized financial products faster and more securely.
The new platform, called Centrifuge Whitelabel, provides a modular infrastructure for creating tokenized versions of assets, from private credit and insurance to energy infrastructure and stocks, according to a press release shared with CoinDesk.
Daylight, a decentralized energy infrastructure startup that recently raised $75 million led by Framework Ventures, is the first to take advantage of the new service. The company is using the platform to create tokenized vaults for energy assets. By doing so, Daylight skips much of the complex backend development required for issuance, investor onboarding and cross-chain asset distribution, the company said.
“The Centrifuge architecture gives us maximum expressiveness and a robust set of primitives to build on, Daylight co-founder Jason Badeaux said in a statement. “It’s not just about speed to market, the extensible design allows us to build mechanisms tailored to our needs for security, customization, and native DeFi integration.”
The offering comes amid a growing push to bring tokenization, the process of issuing blockchain-based representations of traditional financial instruments. Large asset managers and banks have explored tokenizing funds or private credit, with the aim of improving liquidity and access. The sector is projected to grow to nearly $19 trillion by 2033 from $35 billion today, according to a report from BCG and Ripple.
Centrifuge, founded in 2017, has been one of the first pioneers to incorporate RWA into the chain. It is a key player in this fast-growing sector, distributing more than $1.3 billion in tokenized assets, including credit funds and equity indices, according to data from RWA.xyz.
“Our mission has always been to make tokenization a public utility, a system that anyone can develop, but that meets the same standards as the world’s largest asset managers,” Jeroen Offerijns, CTO and co-founder of Centrifuge Labs, said in a statement. “With Centrifuge Whitelabel, we take the same infrastructure that global institutions rely on and open it up to the entire market.”
Centrifuge Whitelabel is available in two tiers: a self-service model for developers and a collaborative offering for teams that want more hands-on support.
The company also offers a fully managed service through its asset management division, Anemoy.
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