Centrifuge Q2 2025 Recap

In Q2, the vision became reality. From bringing the S&P 500 onchain to launching Janus Henderson’s flagship AAA CLO Strategy onchain with a $1B commitment, Centrifuge continued to lead the charge in real-world asset adoption. We shipped major product releases, hosted a Real-World Asset Summit at EthCC, and announced landmark DeFi partnerships. Here’s what we’ve been up to this past quarter. ‍

Total Assets Financed: $1.2B +62.4%
Total Value Locked: $529.2M +317.9%

S&P 500 Index Onchain

At the Real-World Asset Summit in Cannes, we announced a collaboration with S&P Dow Jones Indices. This milestone marks the upcoming launch of both a first-of-its-kind proof-of-index infrastructure for tokenized index products, and the debut of the first tokenized S&P 500 Index fund, powered by S&P DJI index data and built on Centrifuge.

‍Janus Henderson AAA CLO Strategy Onchain

We partnered with Janus Henderson for a second time to bring its flagship AAA CLO Strategy, JAAA, onchain. Grove, the institutional credit platform incubated in the Sky ecosystem, is seeding the fund with a $1B allocation, marking one of the largest commitments to tokenized real-world credit to date.

RWA Launchpad‍

We announced RWA Launchpad - a first-of-its-kind suite of institutional-grade, pre-built smart contracts designed to accelerate the deployment of real-world asset products, with Plume as the first blockchain announced to integrate Centrifuge yield and app layer, enabling issuance, composability and RWA development activity across the ecosystem. Converge was announced as the second chain to implement the same playbook.

deRWA Tokens & Solana Integration‍

We rolled out deRWA tokens, offering issuers a unique wrapping service to create freely transferable tokens, designed to integrate seamlessly with DeFi protocols. Fast follow announced a major integration on Solana, bringing Centrifuge deRWA products directly to users across Solana’s DeFi landscape, starting with trading protocol Raydium, lending platform Kamino, and savings product Lulo.

JTRSY Upgraded to AA+‍

The Centrifuge-powered JTRSY fund received a rating upgrade from A+ to AA+ by Particula, reaffirming its standing as one of the top institutional-grade tokenized funds available onchain. trusted by institutional allocators across ecosystems. Over $400M has now been deployed into JTRSY.

‍CFG Token Migration ‍

Centrifuge V3 is moving entirely to Ethereum as a native EVM deployment, bringing full cross‑chain composability, modular fund structures, and a host of new features. In preparation, the CFG token migration went live in Q2! For the latest updates and information regarding the CFG token migration, continue to visit our dedicated governance forum.

‍A New Chapter for the Real-World Asset Summit ‍

Founded by Centrifuge in 2023, the Real-World Asset Summit has grown to become the RWA industry’s premier event. After a standout edition in Cannes (if we do say so ourselves), the Summit appointed Foster Wright, former President of CoinDesk, as CEO. Foster’s leadership will scale the event globally while preserving its intimate, invite-only format focused on bridging capital markets and crypto. The flagship Summit returns to The William Vale in Brooklyn this September 16 - 17 with 2026 expansion plans to be announced live. Request your invite. 

Centrifuge in the Press

• CoinDesk: Centrifuge brings S&P 500 onchain in tokenized fund launch
• CoinDesk: Newest 'Star' in Sky Ecosystem Launches With $1B Tokenized Credit Strategy
• Blockstories: Recap RWA Summit Cannes 2025: S&P, Apollo and the Consensus of Cannes
• Fintech TV: Tokenizing Real World Assets: Bhaji Illuminati on Centrifuge’s Innovations at Solana Accelerate
• The Defiant: Top RWA Protocol Centrifuge Partners with Wormhole to Launch Multichain Tokenization Platform
• Decrypt: Spark Commits Additional $1 Billion to Lead Tokenized Treasuries Sector

Centrifuge Perspectives 

• Bhaji Illuminati (CEO) in Crowdfund Insider: Web3 Professionals Share Insights on Rise of DeFi, Stablecoins, Tokenization
• Bhaji Illuminati (CEO) in Cryptonews: RWAs Boom as Layer-1 Blockchains Ignite $18.9T Tokenization Surge
• Bhaji Illuminati (CEO) in Decrypt: What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs
• Eli Cohen (General Counsel) in Bloomberg: Texas Seeks ‘Crypto Capital’ Status Among State Bitcoin Reserves
• Eli Cohen (General Counsel) in Axios: The crypto industry’s complex policy game
• Eli Cohen (General Counsel) in Bank Automation News: Senate passes GENIUS Act, giving ‘leg up’ to big banks‍
• Eli Cohen (General Counsel) in The Defiant: For the Crypto Market Structure CLARITY Act, the ‘Devil Is in the Details’