Centrifuge Taps Wormhole to start Multichain -Tokenization Platform

The Real World’s Activation Platform Centrifuge has launched its latest upgrade, Centrifuge V3, in partnership with Multichain Messaging protocol Wormhole.

The new system is designed to facilitate fund managers and investors’ control of tokenized assets across multiple blockchains using a single interface.

The development begins with a $ 230 million fund from Anemoy, a crypto-native active manager driven by centrifuge. The fund invests in the US Ministry of Finance, which is managed by Janus Henderson and marks one of the larger real assets to date.

Centrifuge V3 introduces “Full Chain Eabstraction” which allows users to invest, manage and issue tokenized assets without directly interacting with blockchain infrastructure, according to a press release shared with Coindesk.

Wormhole, a popular transverse chain bridge, operates interoperability. Its role in the partnership is to ensure that tokenized assets on centrifuge are fully composed – applicable in decentralized financing and institutional platforms.

Centrifuge has expanded over time. Last year, it raised $ 15 million in a “oversubscribed” fundraising round as it expanded to Coinbase’s Layer-2 network base.

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