Centrifuge, a New York-based provider of a DeFi protocol to finance real-world assets (RWAs) on the blockchain, raised $4M in funding.
The round was led by Coinbase Ventures with participation from L1 Digital and Scytale.
The company intends to use the funds to expand its development efforts.
Led by CEO Lucas Vogelsang, Centrifuge is a decentralized asset financing protocol whose platform enables a model for connecting investors and borrowers with bankless liquidity. The company brings off chain assets into DeFi, enabling a range of businesses to get access to financing without banks or other third party intermediaries. With Centrifuge, businesses tokenize non-crypto assets such as mortgages, invoices and consumer credit, to create asset-backed pools.
FinSMEs
04/11/2022