“Put it on the blockchain" is a phrase that almost became a joke to highlight the supposed uselessness of the distributed ledger technology. But Centrifuge, a project designed to put debt products on-chain, is making the cliche look serious - it has facilitated $252m in financing. With $112m in outstanding loans, the platform also leads all real-world asset (RWA) lending protocols, according to RWA, an outfit which focuses on the fast developing tokenization of assets which aren’t natively digital.
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Centrifuge quietly sets pace in real world assets race
“The people that are forward-looking in finance and are thinking about where this whole industry is going, are starting to understand what DeFi is, how it works, and its promise,” Vogelsang said.
