Centrifuge, a leading finance platform specializing in tokenized real-world assets, has successfully raised $15 million in Series A funding. The funding round was co-led by ParaFi Capital and Greenfield, with notable 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.
This infusion of capital will fuel Centrifuge’s expansion efforts and further developments in its finance platform. The company aims to enhance transparency and offer investors a diverse range of assets, ultimately providing better insight into their portfolios.
Centrifuge’s platform enables asset managers to tokenize funds, streamline access to service providers and investors, and reduce operational costs. The protocol supports various asset classes, including structured credit, real estate, US treasuries, carbon credits, and consumer finance.
Moreover, Centrifuge’s ecosystem extends beyond its financial infrastructure, featuring a decentralized autonomous organization (DAO) supported by a vibrant community of finance professionals and developers.
Currently, Centrifuge is focused on building an intuitive fund management platform on-chain, enabling managers to launch funds, tokenize assets, and offer investment opportunities. The company continues to expand its integrations for lending, borrowing, and investing in real-world assets.
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By Proptechbuzz
By Ravi Kumar
