Centrifuge
Centrifuge is a blockchain-based real-world asset tokenization platform that enables asset managers, fintechs, and DeFi protocols to tokenize, manage, and distribute investment products across multiple chains. It serves institutional clients including Janus Henderson, Apollo, and BlockTower via its Whitelabel platform, deRWA tokens, and Anemoy asset management arm.
- Company typePrivate
- Founded2017
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Centrifuge does
Centrifuge is a blockchain-based real-world asset (RWA) tokenization platform founded in 2017 and headquartered in Zug, Switzerland, with its governing legal entity, the Centrifuge Network Foundation, registered in the Cayman Islands. The company operates a team of 11-50 people and provides infrastructure and an ecosystem for asset managers, fintechs, DeFi protocols, and financial institutions to tokenize, manage, and distribute investment products onchain. Its platform supports multichain deployment across Ethereum, Base, Arbitrum, Solana, Avalanche, Monad, Stellar, Gnosis, and Celo via Wormhole cross-chain messaging, with $1.8B+ in total value locked and 1,768 assets tokenized as of the latest data.
The platform is built around three product surfaces: Centrifuge Whitelabel (an institutional tokenization stack with three tiers — Core, Plus, and Anemoy Full-Service — offering audited smart contracts, SDK/API tooling, modular compliance adapters, and production deployment in days), deRWA Tokens (a wrapping service that converts permissioned institutional assets into freely transferable ERC-20/4626/7540 tokens for DeFi composability), and Anemoy (a jointly-controlled asset management arm providing bespoke fund structuring, onchain operations, and reporting). Supporting infrastructure includes Centrifugescan for cross-chain transaction monitoring, Proof-of-Index for onchain index verification (developed with S&P Dow Jones Indices), and an Onchain Portfolio Manager for customizable vault logic.
Centrifuge monetizes through quote-based, multi-year tokenization infrastructure contracts with enterprise issuers, on-chain protocol/transaction fees (CFG token used for governance and fees), and deRWA wrapping fees. Its go-to-market combines direct enterprise sales, channel partnerships (Coinbase/Base, Kraken Institutional, Fireblocks, Aave, Morpho), API/SDK distribution to fintechs and integrators, and regional partnerships (IOSG Ventures for APAC). Key institutional customers include Janus Henderson, Apollo, BlockTower, MakerDAO/Sky, Ethena, Aave, Morpho, Grove, and S&P Dow Jones Indices. Pricing is not publicly disclosed; the company has raised approximately $42-45M in cumulative funding across rounds led by Coinbase Ventures, ParaFi Capital, and Greenfield Capital.
Centrifuge firmographics
Firmographics- Name
- Centrifuge
- Legal name
- Centrifuge Network Foundation
- Website
- https://centrifuge.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Centrifuge is a blockchain-based real-world asset tokenization platform that enables asset managers, fintechs, and DeFi protocols to tokenize, manage, and distribute investment products across multiple chains. It serves institutional clients including Janus Henderson, Apollo, and BlockTower via its Whitelabel platform, deRWA tokens, and Anemoy asset management arm.
- Ownership category
- akta.pro rank
Centrifuge industry classification
Industry- Product category
- Real-World Asset Tokenization Infrastructure
- NAICS
- Other Financial Vehicles (525990), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Finance Services (6199), Asset-Backed Securities (6189), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
- akta.pro secondary industries
- Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints) (FSAPAIAF), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA)
Keywords
Where Centrifuge is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Centrifuge business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Tokenization Infrastructure Fees: Centrifuge earns fees from issuers (asset managers, credit originators, fintechs) for using its tokenization platform to launch and manage tokenized funds and assets. This includes fees for Whitelabel Core, Whitelabel Plus, and Anemoy Full-Service tiers, covering protocol access, SDK/API usage, admin UI, and operational support.
- Protocol Fees / Transaction Fees: Fees generated from on-chain activity including minting, redemptions, and asset operations processed through the Centrifuge protocol. The CFG token is used to pay for transactions on Centrifuge Chain and facilitates governance.
- DeRWA Wrapping Fees: Fees from wrapping permissioned tokenized assets into freely transferable deRWA tokens for use across DeFi platforms, generating revenue from issuers seeking broader distribution and utility for their tokenized products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Whitelabel Core — Self-serve tokenization infrastructure for teams building their own tokenized asset products |
| Other | Multi-year contract | Whitelabel Plus — Guided implementation with advanced tooling and priority support |
| Other | Multi-year contract | Anemoy Full-Service — Bespoke fund structuring, onchain operations, reporting fully managed |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels8 records
Centrifuge product offering
Product offeringCore offering
Centrifuge provides a blockchain-based real-world asset (RWA) tokenization platform that enables asset managers, fintechs, and DeFi protocols to tokenize, manage, and distribute investment products onchain across multiple blockchain networks. Its core offerings include the Whitelabel tokenization platform (with self-serve, guided, and fully managed tiers), deRWA freely transferable token wrappers for DeFi composability, the CFG governance and utility token, and the Anemoy full-service asset management arm for bespoke fund structuring. The platform supports ERC-4626 and ERC-7540 vault standards and has processed $1.8B+ in Total Value Locked across 1,768 tokenized assets.
Product overview
Centrifuge is a real-world asset tokenization platform providing a modular, multichain infrastructure for asset managers and investors. The core platform combines Whitelabel (for institutional tokenization), deRWA Tokens (for DeFi composability), and Anemoy (full-service asset management). CFG is the native governance and utility token. The platform supports deployment across Ethereum, Base, Arbitrum, Stellar, Monad, and Plume networks via Wormhole, with 1.8B+ Total Value Locked and 1768+ assets tokenized.
Differentiator
Problem solved
Functional benefit
Products and services
- Centrifuge Whitelabel Institutional tokenization platform providing audited infrastructure for launching and operating real-world assets onchain. Offers ERC-4626 and ERC-7546 vault standards, compliance controls, SDK and API access, and multichain deployment for asset managers, fintechs, and DeFi protocols.
- deRWA Tokens Wrapping service that creates freely transferable tokens from institutional-grade real-world assets, designed to integrate seamlessly with DeFi protocols including lending markets, DEXs, and yield platforms, enabling broader utility and liquidity for permissioned tokenized assets.
- Anemoy Full-service asset management arm offering bespoke fund structuring, onchain operations, and reporting fully managed for institutional clients seeking end-to-end tokenization services. Purpose-built to onramp institutional capital and partners into the Centrifuge ecosystem.
- CFG Token Native utility and governance token of the Centrifuge ecosystem, used for staking, paying transaction fees on Centrifuge Chain, and participating in protocol governance. Listed on major exchanges including Gate.io and HTX.
- Centrifugescan Cross-chain transaction monitoring tool providing real-time visibility into price updates, mints/redemptions, cross-chain movements, and compliance events for tokenized assets across all pools, chains, and products on Centrifuge.
- deSPXA Tokenized S&P 500 exposure product built in partnership with S&P Dow Jones Indices and Janus Henderson, offering 24/7 tradable onchain access to an equity index fund for eligible non-U.S. investors through the deRWA framework on Base.
Quantifiable outcome
- 97% cost reduction in securitization operations ($220M managed for <$60K in gas fees over 2 years vs. millions in traditional costs)
- +4 more outcomes
Companies that use Centrifuge
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles4 records
Centrifuge technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature7 records
Centrifuge partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core, major and minor.
- Kraken InstitutionalcoreKraken Institutional partnered with Centrifuge to bring tokenized assets into qualified custody, starting with Janus Henderson's JAAA. Institutional clients can now hold tokenized fund interests in qualified custody while earning underlying fund returns and using positions across borrowing, trading, and treasury strategies.
- IOSG VenturescoreCentrifuge and IOSG Ventures entered a strategic partnership to advance institutional-grade RWA tokenization across Asia. The partnership leverages IOSG's regional network spanning Hong Kong, Japan, Korea, Singapore, and the broader APAC region to connect Centrifuge's tokenization infrastructure with banks, asset managers, and licensed institutions. IOSG has been invested in Centrifuge since 2021 and deepened its commitment through the 2024 Series A.
- EthenacoreEthena selected Centrifuge as its strategic tokenization partner following a competitive RWA infrastructure RFP, marking the first diversification of Ethena's USDe collateral holdings. Ethena allocated capital to JAAA (Janus Henderson Anemoy AAA CLO ETF), one of the fastest-growing tokenized fixed income products, as part of USDe's backing framework.
- PredicatemajorPredicate became the official compliance partner for issuers using Centrifuge's platform, integrating AML screening and KYC/KYB verification during primary asset issuance, and automated compliance monitoring and address blocking during secondary market activity.
- CoinbasecoreCoinbase designated Centrifuge as a Preferred Tokenization Infrastructure platform and made a strategic multimillion-dollar investment. Centrifuge builds on Base (Coinbase's Ethereum L2), with Coinbase providing distribution through its retail, institutional, and developer channels. The partnership targets eligible non-US users with institutional-grade tokenized products, starting with deSPXA (tokenized S&P 500 fund).
- Resolv LabsmajorResolv and Centrifuge launched a $100M tokenized credit strategy on the Aave platform. Funds flow from Resolv USR through Centrifuge's tokenization infrastructure into Aave Horizon's leveraged layer, combining tokenized credit infrastructure with established lending protocols.
- Pharos NetworkmajorCentrifuge partnered with Pharos to develop infrastructure for distribution and operation of tokenized US Treasuries and AAA-rated structured credit on Pharos's high-performance Layer 1 blockchain, enhancing transaction speed and compliance for institutional onchain assets.
- Pharos Network (Native to Pharos Incubator)minorCentrifuge is an inaugural partner in Pharos Network's 'Native to Pharos' $10M+ builder program, supporting early-stage teams building tokenized RWA products on Pharos's Layer 1 blockchain.
- Janus HendersoncoreJanus Henderson partnered with Centrifuge and Anemoy to launch tokenized versions of its flagship CLO strategy (JAAA, rated AA+ by Particula) and Liquid Treasury Fund (JTRSY). Janus Henderson manages the underlying portfolios while Centrifuge provides onchain infrastructure for issuance, subscription, and redemption via stablecoins.
- Apollo Global ManagementcoreApollo partnered with Centrifuge and Anemoy to launch the Apollo Diversified Credit Fund (ACRDX) onchain. Grove initially deployed $50M into ACRDX on the Plume blockchain using Centrifuge's infrastructure, with the product subsequently expanded to Monad.
- S&P Dow Jones IndicescoreS&P Dow Jones Indices collaborated with Centrifuge to launch onchain Proof-of-Index infrastructure supporting the first tokenized S&P 500 index fund (SPXA/deSPXA), licensing the S&P 500 index to a blockchain-native vehicle managed by Janus Henderson.
- WormholecoreWormhole powers Centrifuge V3's multichain tokenization platform, enabling assets tokenized on one chain to be deployed across Ethereum L1, Base, Arbitrum, Solana, Avalanche, Monad, Stellar, Celo, and Gnosis.
- AavecoreCentrifuge tokenized assets serve as collateral in Aave's RWA markets and Aave Horizon platform. Aave Horizon was launched by Aave Labs in partnership with Centrifuge to provide institutional-grade RWA liquidity with curated leverage strategies.
- MorphocoreMorpho integrates with Centrifuge's RWA tokens for lending, yield strategies, and liquidity provisioning. Morpho Blue supports Centrifuge's institutional RWA market with curated leverage strategies, and Morpho is an inaugural partner in the Pharos $10M incubator program with Centrifuge.
- MakerDAOcoreMakerDAO was an early supporter of Centrifuge, contributing $150M in senior capital to BlockTower's securitization and using Centrifuge tokenized RWAs as DAI collateral. This partnership demonstrated how DeFi protocols could diversify into real-world assets.
- FireblocksmajorFireblocks integrated with Centrifuge to enhance asset management solutions and customer experience, providing institutional-grade custody infrastructure for tokenized assets on the Centrifuge platform.
- LayerZeromajorLayerZero partnered with Centrifuge to advance institutional tokenization across its ecosystem, providing cross-messaging infrastructure to support broader distribution of tokenized assets.
- GrovemajorGrove launched Basin, a programmable credit infrastructure platform providing up to $1B in committed daily liquidity for approved exits from tokenized off-chain assets, with support from BlackRock, Janus Henderson, Securitize, Centrifuge, Anchorage Digital, Galaxy Digital, and FalconX.
- Plume NetworkmajorPlume became the first blockchain to integrate Centrifuge V3 and its RWA Launchpad, enabling tokenized asset deployment on Plume's network with Centrifuge's infrastructure.
- AvalanchemajorGrove launched on Avalanche with a $250M target deployment, accelerating institutional onchain credit using Centrifuge's JAAA product. The integration brought tokenized CLOs to the Avalanche ecosystem.
- Stellar (XLM)majorCentrifuge brought deRWA tokens to Stellar, launching with $20M into deJTRSY and deJAAA. Stellar's XLM token surged as Centrifuge expanded RWA tokenization infrastructure on the network, and DTCC announced plans to connect tokenized securities to Stellar.
- MonadmajorCentrifuge expanded tokenized institutional assets to Monad blockchain, integrating products from Janus Henderson and Apollo including JTRSY, JAAA, and ACRDX. This marked the first availability of institutional-grade assets on Monad.
- Onigiri CapitalminorOnigiri Capital and Centrifuge launched RWA Bento with $600,000 packages for early-stage founders building RWA products, supporting new entrants in the tokenization ecosystem.
- ArchaxminorArchax, a UK-based digital securities exchange, listed Janus Henderson's Liquid Treasury Token (LTF) in partnership with Centrifuge and Anemoy, providing secondary market access for tokenized treasury products.
Scale indicators12 records
Recent moves6 records
Expansion highlights7 records
Centrifuge competitors and assessment
Company assessmentDirect peers
- Securitize: Securitize is a leading tokenization platform that has issued major institutional products including the Securitize-BNY $100M AAA credit fund and powers BlackRock's BUIDL fund. Direct competitor to Centrifuge's Whitelabel platform in regulated RWA issuance.
- Ondo Finance: Ondo Finance is a major RWA tokenization platform offering tokenized US Treasuries and yield products, directly competing with Centrifuge's JTRSY/JAAA treasury and CLO offerings. Operates with significant institutional backing and similar DeFi distribution strategies.
- Maple Finance: Maple Finance tokenizes institutional credit and underwrites onchain loans, directly competing with Centrifuge's structured credit and lending market offerings. Targets similar institutional borrowers and DeFi liquidity providers.
- Goldfinch: Goldfinch is a decentralized credit protocol that tokenizes real-world lending portfolios, overlapping with Centrifuge's credit tokenization and DeFi connectivity thesis for emerging market and institutional lending.
- TrueFi: TrueFi is an onchain credit marketplace that has tokenized institutional and DeFi lending pools, providing direct competition to Centrifuge's institutional credit tokenization and lending market infrastructure.
- Provenance Blockchain: Provenance Blockchain is a purpose-built, permissioned blockchain for financial asset tokenization serving institutions like Figure. Competes with Centrifuge's V3 multichain architecture for institutional RWA issuance.
Emerging players
- MakerDAO/Sky: Sky (formerly MakerDAO) is both a major Centrifuge customer (deploying $1B+ into JAAA, $150M into BlockTower securitization) and an emerging RWA tokenization player through its Obex incubator allocating up to $2.5B into tokenized RWAs.
- Plume Network: Plume is a Layer 1 blockchain purpose-built for RWA tokenization and Centrifuge's first V3 integration partner. Competes as alternative infrastructure layer but also serves as a distribution channel for Centrifuge-issued products.
Broad incumbents
- BlackRock (BUIDL): BlackRock's BUIDL fund (issued via Securitize) represents the largest institutional tokenized treasury product and a direct competitor to Centrifuge-issued JTRSY/JAAA for institutional RWA allocation, with BlackRock's participation in Grove's Basin creating ecosystem overlap.
- Franklin Templeton: Franklin Templeton operates the Franklin OnChain US Government Money Fund, one of the earliest institutional tokenized funds. Competes with Centrifuge's treasury products for institutional onchain treasury allocation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Centrifuge social profiles
Digital presenceCentrifuge compliance and trust
Trust signalCompliance2 records
Centrifuge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centrifuge leadership team
Management profileNumber of profiles
Profiles7 records
Centrifuge subsidiaries and ownership
Company hierarchySubsidiaries2 records
Centrifuge funding detail
Funding detailFunding overview
Funding rounds8 records
Investors45 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centrifuge M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centrifuge
What does Centrifuge do?
Centrifuge provides a blockchain-based real-world asset (RWA) tokenization platform that enables asset managers, fintechs, and DeFi protocols to tokenize, manage, and distribute investment products onchain across multiple blockchain networks. Its core offerings include the Whitelabel tokenization platform (with self-serve, guided, and fully managed tiers), deRWA freely transferable token wrappers for DeFi composability, the CFG governance and utility token, and the Anemoy full-service asset management arm for bespoke fund structuring. The platform supports ERC-4626 and ERC-7540 vault standards and has processed $1.8B+ in Total Value Locked across 1,768 tokenized assets.
Is Centrifuge a public or private company?
Centrifuge is a private company. It is classified as venture growth investor backed and is currently operating.
When was Centrifuge founded?
Centrifuge was founded in 2017. It employs 11 to 50 people.
Where is Centrifuge based?
Centrifuge is headquartered in Zug, Switzerland, in the Europe region.
How does Centrifuge make money?
Three revenue lines are on record. Tokenization Infrastructure Fees are the primary driver. The others are protocol Fees / Transaction Fees and deRWA Wrapping Fees.
Who are Centrifuge's main competitors?
Direct peers on record are Securitize, Ondo Finance, Maple Finance, Goldfinch, TrueFi and Provenance Blockchain. Emerging players are MakerDAO/Sky and Plume Network. Broad incumbents are BlackRock (BUIDL) and Franklin Templeton.
Does Centrifuge have an API?
Yes. Centrifuge provides SDK and API tooling for integrating tokenization into existing systems and automating operational workflows. Supports investor onboarding, reporting, data privacy rules, and secure smart-contract execution. The platform offers EVM-compatible deployment and includes modular compliance adapters. Developer documentation is at docs.centrifuge.io.
What industry is Centrifuge in?
Centrifuge's product category is Real-World Asset Tokenization Infrastructure. Its primary akta.pro industry code is FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance), with a secondary code of FSAPAIAF, Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints). Its NAICS code is 525990 and its SIC code is 6199.