Centrifuge raises $15 million in Series A funding for institutional DeFi adoption | Headlines | News | CoinMarketCap
04/17/2024 19:23
Real-world asset lending protocol Centrifuge has announced the completion of a $15 million Series A financing round. The company plans to build an …
Real-world asset lending protocol Centrifuge has announced the completion of a $15 million Series A financing round.
The company plans to build an institutional-grade, decentralized finance lending market for RWAs, built on Coinbase's Base layer 2 and integrated with Coinbase Verification.
"DeFi has always been about accessibility, transparency and interoperability, making markets more open, fair and decentralized, and we’re bringing these innovations to institutions in a compliant and safe way," Centrifuge co-founder Lucas Vogelsang said.
RWA lending market built on Base
According to a Wednesday press release, the integrations with Coinbase will allow institutions to quickly and safely access tokenized real-world assets.
"Centrifuge is a pioneer in real-world assets, and is …