Centrifuge has crossed $1 billion in total value locked (TVL), joining BlackRock’s BUIDL and Ondo Finance in the exclusive $1B club.
CEO Bhaji Illuminati said the milestone reflects institutions moving from pilot programs to full-scale deployments, driven by strong onchain demand. Products like JAAA, Janus Henderson’s AAA-rated CLO brought onchain, are now being viewed as higher-yield alternatives to Treasurys.
Centrifuge also unveiled a tokenized S&P 500 fund with S&P Dow Jones Indices, with more sector and thematic indexes planned. Through its deRWA initiative, the platform aims to expand retail investor access via exchanges, wallets, and DeFi protocols.
A recent joint report by Boston Consulting Group and Ripple projects that tokenized real-world assets could exceed $18 trillion by 2033, growing at an annual rate of 53%.
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