Centrifuge (CFG), a blockchain platform focused on tokenizar investment products, has designated Jürgen Blumberg, former Goldman Sachs executive of the background accelerator business (ETF) of the firm in Europe, as its new operational director.
It will also serve as Anemoy Investment Director, the Centrifuge Affiliated Asset Management Firm in the chain.
The appointment occurs when the tokenization of real world assets (RWA) is attracting new attention from the traditional financial world. Global banks, asset administrators increasingly explore the use of blockchain rails to move and record assets such as bonds, funds and actions. They do it looking for operational efficiencies, broader distribution and programmable transactions all day.
It is potentially a great opportunity. It is projected that the RWA Tokenized market, which is now $ 25 billion and more than double in one year, will grow to multiple billion dollars during the next decade, according to McKinsey reports, 21Shares, Ripple and BCG.
Centrifuge is building regulated structures for these products, positioning itself as a bridge between the blockchain rails and financial institutions that seek exposure to digital versions of family investment products. It has more than $ 760 million of total value blocked on the platform, as shown in defilama data, including the US Treasury Fund of $ 400 million issued with Anemoy. The protocol recently expanded products to Avalanche (Avax) and Solana (Sol), created a chain version of the S&P 500 index and launched a tokenized background of guaranteed loans with the guaranteed loans with the asset manager Janus Henderson.
Before joining Centrifuge, Blumberg spent more than two decades in traditional capital markets in Goldman Sachs, Investco and Blackrock, helping to develop the ETF market in an important part of Global Asset Management. In an interview with Coendesk, it extracts parallel between the token and the first days of the ETF and how it interrupted the mutual fund market.
“There is a large part of the world that was never really the focus of traditional finances: the global south, for example, or all those countries that have problems with high inflation, or with coins that are not really easy to use in other jurisdictions,” Blumberg explained. “Now suddenly they get a completely new ecosystem in the defi [decentralized finance] world, which allows them to participate all [and] Give them the same quality of products as any other person. “
“The assets of the real world are really democratizing the financial ecosystem,” he added.
Blumberg will focus on helping traditional financial companies in the chain and simultaneously improving tokenized operations and products for institutional use.
“There is a great distribution opportunity for tradfi,” he said. “From the point of view of technology, if you are too late, the train can be lost.”
Read more: The Credit Agricole Assets Service Unit supports the tokenized SME exchange in Europe
