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

Centrifuge has launched a tokenization platform called Centrifuge Whitelabel designed to enhance the efficiency of creating tokenized financial products by institutions and fintechs. Daylight, a decentralized energy startup that recently secured $75 million, is the first to utilize this platform for developing tokenized vaults for energy assets, simplifying the backend development process for issuance, investor onboarding, and cross-chain asset distribution. The tokenization sector aims to bridge traditional financial instruments with blockchain technology, with predictions estimating its growth from $35 billion to nearly $19 trillion by 2033. Centrifuge has positioned itself as a key player, having distributed over $1.3 billion in tokenized assets since its inception in 2017. The Whitelabel service includes a self-service model for developers and a hands-on collaborative option for more extensive support. Centrifuge aims to set a high standard for tokenization accessible to various market participants.

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