Congratulations to portfolio company Centrifuge on their successful public token sale with the potential to bring trillions in new assets to DeFi. The sale on CoinList raised $19m and was oversubscribed with over 600k registrants and allotted space for 36k.
The Centrifuge protocol has ushered in a new category of Total Value Locked (TVL) growth, bordering on introducing real-world asset (RWA) TVL. Using the Centrifuge Chain, real-world assets including invoices, real estate, royalties, and other assets can be tokenized and converted to Non-Fungible Tokens (NFTs). With these, RWAs have the potential to bring trillions in new assets to DeFi.