Centrifuge Debuts Asset Tokenization Service, Starting with Daylight

Centrifuge, a real-world asset (RWA) protocol, unveiled Wednesday a tokenization platform designed to help institutions, fintech startups and decentralized finance (DeFi) applications create tokenized financial products faster and more securely.

The new platform, dubbed Centrifuge Whitelabel, provides modular infrastructure for creating tokenized versions of assets from private credit and insurance to energy infrastructure and equity, according to a press release shared with CoinDesk.

Daylight, a decentralized energy infrastructure startup that recently raised $75 million led by Framework Ventures, is the first to build on the new service. The firm is using the platform to create tokenized vaults for energy assets. By doing so, Daylight skips much of the complex backend development needed for issuance, investor onboarding and cross-chain asset distribution, the company said.

“Centrifuge’s architecture gives us maximum expressivity and a robust set of primitives to build on, Daylight co-founder Jason Badeaux said in a statement. “It’s not just about speed to market, the extensible design allows us to build mechanisms tailored to our needs for security, customization, and native DeFi integration.”

The offering comes amid a growing push to bring tokenization, the process of issuing blockchain-based representations of traditional financial instruments. Large asset managers and banks have explored tokenizing funds or private credit, aiming to improve liquidity and access. The sector is projected to grow to nearly $19 trillion by 2033 from the current $35 billion, according to a report by BCG and Ripple.

Centrifuge, founded in 2017, has been an early pioneer of bringing RWAs onchain. It’s a key player in this fast-growing sector, distributing over $1.3 billion of tokenized assets, including credit funds and equity index, per RWA.xyz data.

“Our mission has always been to make tokenization a public utility, a system that anyone can build on, yet one that meets the same standards as the world’s largest asset managers,” Jeroen Offerijns, CTO and co-founder of Centrifuge Labs, said in a statement. “With Centrifuge Whitelabel, we’ve taken the same infrastructure trusted by global institutions and opened it to the entire market.”

Centrifuge Whitelabel is available in two tiers: a self-service model for developers and a collaborative offering for teams that want more hands-on support.

The company also offers a fully managed service through its asset management arm, Anemoy.

Read more: Intain, FIS Roll Out Tokenized Loan Marketplace on Avalanche for Small Banks