Centrifuge Raises $15M in Series A Funding

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Centrifuge, an onchain finance startup, raised $15m in Series A funding.

The round was co-led by ParaFi Capital and Greenfield, with participation from Gnosis, IOSG Ventures, Modular Capital, Circle Ventures, Edessa Capital, ProtoCap, Re7 Capital, Scytale Digital, Skynet Trading, TRGC, Arrington Capital, Bloccelerate, Borderless Capital, Wintermute Ventures, Stake Capital, and The Spartan Group.

The company intends to use the funds to expand operations and its development efforts.

Centrifuge provides a finance platform for tokenized real-world assets onchain. Through it, investors gain access to a diverse range of assets, improving transparency and achieving better insight into their portfolio. Asset managers tokenize their funds and streamline access to necessary service providers and investors, saving cost for fund operations and unlocking new sources of capital.

Centrifuge provides both the infrastructure and ecosystem to tokenize, manage, and invest into a complete, diversified portfolio of real-world assets.

Asset pools are fully collateralized, investors have legal recourse, and the protocol is asset-class agnostic with pools for assets spanning structured credit, real estate, US treasuries, carbon credits, consumer finance, and more.

Centrifuge’s ecosystem extends beyond its onchain financial infrastructure, incorporating a DAO (decentralized autonomous organization) supported by a diverse community of finance professionals and developers.

They are now building an efficient and user-friendly fund management platform onchain. Managers can launch funds, tokenize assets, and offer investment opportunities. The company is continuing to build more integrations for lending, borrowing, and investing in real-world assets.