DeFi protocol Centrifuge raises $4 million in strategic round: Exclusive
The Berlin-based project enables real-world assets — such as real estate, consumer credit and invoices — to be tokenized and leveraged within DeFi services. Such tokenization has been seen as one of the core use cases for blockchain technology, as it allows for more transparent and liquid markets.
Centrifuge is one of BlockTower’s first investments in its new $150 million fund. BlockTower’s backing is more than just a simple VC investment, Vogelsang said. The BlockTower credit team has secured approval to be onboarded as a collateral provider to MakerDAO. BlockTower is set to provide $70 million in junior capital alongside Maker's contribution of $150 million to create a $220 million pool on Centrifuge.
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