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 modular infrastructure to create tokenized versions of assets from private credit and insurance to energy infrastructure and equity, 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 build on the new service. The firm uses the platform to create tokenized vaults for energy assets. By doing so, Daylight skips much of the complex backend development needed for issuance, investor onboarding and distribution of assets across chains, the company said.
“Centrifuge’s 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. Major asset managers and banks have explored tokenizing funds or private credit with the aim of improving liquidity and access. The sector is expected to grow to nearly $19 trillion by 2033 from the current $35 billion, according to a report by BCG and Ripple.
Centrifuge, founded in 2017, has been an early pioneer in bringing RWAs onchain. It is a key player in this fast-growing sector, distributing over $1.3 billion in tokenized assets, including credit funds and equity indices, per RWA.xyz data.
“Our mission has always been to make tokenization a public utility, a system that anyone can build on, yet one 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’ve taken the same infrastructure trusted by global institutions and opened 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 arm, Anemoy.
Read more: Intain, FIS rollout of tokenized loan marketplace on Avalanche for small banks
