The Centrifuge real-world asset (RWA) tokenization platform has announced the expansion of its services to the Solana blockchain, debuting with a $400 million tokenized fund of U.S. Treasury bonds managed by Anemoy (JTRSY). This move strengthens Solana's position in DeFi, providing users access to yields through real financial instruments. The deJTRSY token, created under the Centrifuge 'deRWA' standard, can be traded, used as collateral, or borrowed on Solana platforms such as Raydium, Kamino, and Lulo. The integration is supported by Wormhole technology for cross-chain transactions and Pyth Network for real price data.
According to Centrifuge CEO Bhaji Illuminati, tokenization is just the first step, and the real value lies in integrating assets into the DeFi ecosystem. The expansion to Solana highlights the growing popularity of the blockchain for asset tokenization, which could reach $18.9 trillion by 2033, according to experts. This launch is part of Centrifuge's strategy to scale and support cross-chain infrastructure.
#Centrifuge #solana #RWA #defi
$SOL
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