Centrifuge, the platform for onchain finance, has announced a strategic investment from Web3 Foundation, known for stewarding Polkadot. Web3 Foundation will invest part of its treasury into real-world assets (RWAs) via Centrifuge, beginning with a $1 million pilot investment. This initiative aligns with Web3 Foundation’s strategic mission to promote Web3 projects through funding, advocacy, and collaboration.
The partnership underscores Web3 Foundation’s commitment to bringing real-world assets onchain, responding to the growing demand and narrative for RWAs. The $1 million investment will be made into Anemoy’s upcoming pool of US Treasury Bills on Centrifuge.
“We’re excited to see the rapidly accelerating investor interest in Centrifuge matched with a growing availability of a diverse and institutional-grade offering of tokenized assets,” said Lucas Vogelsang, Co-Founder of Centrifuge. “With this collaboration between Centrifuge and Web3 Foundation, the stage is set for significant growth and innovation for real-world assets using Polkadot’s infrastructure and technology.”
Real-world assets have become a prominent theme in decentralized finance, with Boston Consulting Group projecting a $16 trillion tokenization industry for global assets by the end of the decade. Centrifuge, an early pioneer in the RWA space, has achieved several milestones in the industry.
“We believe this industry has massive potential and are steadfast in our commitment to help grow the industry and Centrifuge protocol. $1M is a start, and we fully expect to quickly grow beyond that,” said Fabian Gompf, CEO at Web3 Foundation.
Anemoy is the first real-world asset pool launching natively on Centrifuge Chain, featuring tokenized short-term US treasuries. This initiative provides DAOs and other onchain investors access to highly-liquid, low-risk returns. Anemoy, as a web3 native asset manager, aims to bring a diverse range of high-quality assets to the Centrifuge platform.
Founded in 2017, Centrifuge serves as the platform for onchain finance. The platform has achieved notable milestones, including minting MakerDAO’s first real-world asset, structuring the first onchain securitization, launching the RWA Market with Aave, and bringing the first credit fund’s operations onchain with BlockTower. Centrifuge provides both the infrastructure and ecosystem to tokenize, manage, and invest in a complete, diversified portfolio of real-world assets.
Web3 Foundation is a not-for-profit organization supporting Web3 teams and open-source projects through funding, advocacy, research, and collaboration. Founded in 2017 by Ethereum co-founder and former chief technology officer Dr. Gavin Wood, Polkadot is the Foundation’s flagship project.
Read other stories: IMF, World Bank, BIS, and Switzerland’s Central Bank Collaborate on Tokenization