Centrifuge Q3 2024 Recap
By Christie Chapman, Director of Marketing @ Centrifuge
Centrifuge continued pushing the potential of real-world assets in Q3. From key strategic partnerships to venturing into new markets, this quarter has been packed with notable milestones. Read on to hear the waves we’ve made during the past three months.
Spark’s Tokenization Grand Prix
A major highlight this quarter was our submission to the Spark Grand Prix—a competition aimed at onboarding $1 billion in tokenized RWAs to Sky (formerly MakerDAO). During the Real-World Asset Summit in Singapore, we announced a partnership with Janus Henderson for its first tokenized fund, a key part of our bid. We announced a $125m redemption facility, teamed up with Chronicle to enhance transparency for the Anemoy Liquid Treasury Fund (LTF) and partnered with Archax to list LTF on its primary platform. More to come!
Morpho market
Centrifuge partnered with Morpho to launch an RWA lending market on Base, allowing institutions to borrow against US Treasury-backed tokens. What made this launch even more significant was that it marks the first institutional-grade lending market integrated with Coinbase Verifications, enabling investors to streamline their onboarding process seamlessly with a single click!
Ecosystem growth
Gnosis surpassed $3 million invested in tokenized Treasury Bills, Centrifuge climbed to the top 10 providers of tokenized Treasuries by rwa.xyz and total assets financed on Centrifuge passed $650M.
TAG
This quarter, we also introduced the Treasury Advisory Group (TAG), a team of experts advising on all treasury-related activities for the Centrifuge DAO. TAG’s mission is to ensure sustainable growth and responsible resource allocation while enhancing transparency and accountability. As DAOs grow in complexity, effective treasury management becomes vital, and TAG will safeguard Centrifuge’s future by improving spending processes and providing better information access to the community.
Teamwork makes a dream work
In September, our team came together for our annual offsite in Croatia, where we aligned on future goals and spent some time outside, touching grass. We welcomed new team members, sharpened our strategic vision, and set the stage for what’s to come. We’re excited to catch up IRL again at the flagship Real-World Asset Summit in New York on October 22 & 23.
Centrifuge in the Press
- Financial Times: Janus Henderson to follow BlackRock and Fidelity into tokenisation
- CNBC: Treasurys on the blockchain: How a new deal could reshape the ETF
- Moody's: Moody's Ratings assigns a Aa-bf Bond Fund Rating to Anemoy
- Bankless Times: Chainlink, Synthetix, Centrifuge See Explosive Growth in RWA Development
- Blockworks: Janus Henderson follows TradFi rivals into tokenized fund space
- Blockworks: On the Margin Newsletter: Fed Week
- Coindesk: Centrifuge and Morpho Launch Lending Market on Base Allowing Institutions to Borrow Against US Treasury-Backed Tokens
- Crypto.News: Centrifuge and Anemoy partner with Archax to list liquid treasury token
- The Defiant: Anemoy Taps Chronicle For RWA Oracle On Centrifuge
- DL News: How the Fed is upending tokenisation in the $29tn Treasury market as investors dive into risk
- Particula Rating Report: Anemoy ($LTF), September 2024
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