Centrifuge Taps Wormhole to Launch Multichain Tokenization Platform

Actual-world asset tokenization platform Centrifuge has launched its newest improve, Centrifuge V3, in partnership with multichain messaging protocol Wormhole.

The brand new system is designed to make it simpler for fund managers and buyers to handle tokenized property throughout a number of blockchains utilizing a single interface.

The rollout begins with a $230 million fund from Anemoy, a crypto-native asset supervisor powered by Centrifuge. The fund invests in U.S. Treasury securities managed by Janus Henderson and marks one of many bigger real-world asset tokenizations so far.

Centrifuge V3 introduces “full chain abstraction,” which permits customers to speculate, administer, and situation tokenized property with out straight interacting with blockchain infrastructure., in response to a press launch shared with CoinDesk.

Wormhole, a preferred cross-chain bridge, powers the interoperability. Its function within the partnership is to make sure that tokenized property on Centrifuge are absolutely composable — usable in decentralized finance and institutional platforms alike.

Centrifuge has over time been increasing. Final yr it raised $15 million in an “oversubscribed” fundraising spherical because it expanded to Coinbase’s layer-2 community Base.