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

Centrifuge has launched a new tokenization platform named Centrifuge Whitelabel, designed to facilitate the creation of tokenized financial products by institutions and fintech startups. The decentralized energy infrastructure startup, Daylight, is its first user, harnessing the platform to generate tokenized vaults for energy assets. The new service aims to streamline complex backend development processes associated with asset issuance and investor onboarding. Centrifuge's new offering reflects a growing trend as asset managers and banks increasingly look into tokenizing various financial instruments to enhance liquidity and access. As the demand for tokenization rises, the sector could expand significantly, projected to reach nearly $19 trillion by 2033. Centrifuge has been a pioneer in bringing real-world assets on-chain, having distributed over $1.3 billion in tokenized assets. The Centrifuge Whitelabel service provides tiers for developers, ranging from self-service options to fully managed services for teams seeking direct support.

Source 🔗