Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund
Centrifuge is expanding its tokenized asset services to the Solana blockchain, initially focusing on Anemoy's $400 million tokenized U.S. Treasury fund. Known as the deJTRSY token, this allows Solana users to earn yield from short-term Treasuries through various DeFi platforms like Raydium, Kamino, and Lulo. This move underscores the integration of traditional finance and decentralized finance (DeFi) on Solana, aiming to bring real-world assets (RWAs) onto blockchain networks. The potential for the tokenized asset market is significant, with estimates expecting it to reach $18.9 trillion by 2033. Centrifuge emphasizes the importance of not just tokenizing assets, but also making them usable within DeFi ecosystems from the outset. In conjunction with this development, the Solana Foundation has partnered with R3, a blockchain tech firm, to further facilitate the incorporation of RWAs into Solana-based DeFi protocols.
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