RWA News: Centrifuge Debuts Asset Tokenization Service, Starting with Daylight

Centrifuge has launched a new tokenization platform named Centrifuge Whitelabel, aimed at enabling institutions and fintech startups to create tokenized financial products more efficiently. The first to use this platform is Daylight, a decentralized energy startup, which will create tokenized vaults for energy assets. This initiative responds to the growing demand for asset tokenization in sectors like credit and energy. The Centrifuge Whitelabel platform offers modular infrastructure for tokenizing various assets and aims to streamline processes such as investor onboarding and cross-chain asset distribution. This move comes as the tokenization sector is expected to expand from $35 billion to nearly $19 trillion by 2033. Centrifuge itself has been a pioneer in bringing real-world assets on-chain, with over $1.3 billion of tokenized assets distributed since its inception in 2017. The platform is available in a self-service model for developers and a collaborative model for teams needing additional support.

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