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5.66%Centrifuge Expands Tokenized RWAs to Solana, Starting With $400M Treasury Fund
Solana is gaining momentum in the fast-growing tokenized real-world asset space as traditional finance and DeFi gets increasingly intertwined.
What to know:
- Centrifuge is expanding its tokenized asset services to the Solana blockchain, starting with Anemoy's $400 million tokenized U.S. Treasury fund.
- The deJTRSY token will allow Solana users to earn yield from short-term Treasuries on platforms like Raydium, Kamino and Lulo.
- This week, Solana Foundation partnered with bank-focused blockchain tech firm R3 to bring real-world assets to Solana, while Securitize-issued tokenized fund of Apollo credit assets is also being introduced to Solana-based DeFi protocols.
Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY).
The expansion builds on Centrifuge’s token standard — dubbed "deRWA tokens" — that allows token holders to freely transfer and use tokenized instruments across decentralized finance (DeFi) protocols.
STORY CONTINUES BELOW
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In this case, the deJTRSY token can be swapped, lent, or used as collateral in, enables Solana users to earn yield from short-term Treasuries natively in Solana DeFi platforms, first on decentralized exchange Raydium, lending platform Kamino, and yield aggregator Lulo.
The rollout underlines Solana's growing momentum in the tokenized RWA space, a red-hot sector that aims to brings traditional financial instruments like bonds, funds and credit onto blockchain rails. It's a huge opportunity: Boston Consulting Group and Ripple projected that the tokenized asset market could reach $18.9 trillion by 2033.
This week, Solana Foundation partnered with bank-focused blockchain tech firm R3 to bring real-world assets to Solana, while Securitize-issued tokenized fund of Apollo credit assets is also being introduced to Solana-based DeFi protocols.
"Tokenizing assets is just the starting point," said Bhaji Illuminati, CEO of Centrifuge. "What truly matters is giving real-world assets utility onchain: making them usable across the DeFi stack from day one."
Read more: Major TradFi Institutions to Pursue Tokenization Efforts on Solana
Krisztian Sandor
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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