Centrifuge Completes $15 Million Series A Round For DeFi Innovation
Centrifuge, a real-world asset lending protocol, has concluded a successful $15 million Series A funding round.
The company aims to develop an institutional-grade decentralized finance lending market for RWAs, leveraging Coinbase’s Base layer 2 and integrating with Coinbase Verification. Co-founder Lucas Vogelsang highlights the platform’s commitment to accessibility, transparency, and interoperability in bringing DeFi innovations to institutions compliantly and securely. Integrations with Coinbase will enable institutions to swiftly and securely access tokenized real-world assets.
The funding will drive product development, positioning Centrifuge as a bridge between traditional and decentralized finance, fostering institutional DeFi adoption. The oversubscribed Series A round includes investment from prominent firms like Circle Ventures, IOSG Ventures, Arrington Capital, the Spartan Group, and Wintermute Ventures. With a focus on real-world asset tokenization, Centrifuge seeks to enhance liquidity, efficiency, and accessibility in traditionally illiquid markets, reflecting the growing institutional interest in RWA tokenization within the cryptocurrency ecosystem.
Clever Robot News Desk 19th April 2024
