Centrifuge Surpasses $1 Billion in TVL as Broader RWA Heats Up

Centrifuge, a real-world asset (RWA) tokenization platform, surpassed $1 billion in total value locked (TVL) today, Aug. 14, per data from DefiLlama. The milestone TVL growth is fueled by growing institutional demand for on-chain tokenized assets and its JAAA fund.

The figure represents a nearly 94% surge in two weeks and places Centrifuge alongside only two other RWA platforms: BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), which holds nearly $2.4 billion on-chain, and Ondo Finance, with $1.3 billion in total tokenized value, according to RWAxyz.

Centrifuge CEO Bhaji Illuminati told The Defiant that the jump comes from a number of factors such as institutions scaling up tokenization projects, as well as stablecoin issuers looking for reserve management and yield.

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