Decentralized lending protocol Centrifuge has about $5.8 million in outstanding loans

Centrifuge, a decentralized real-world asset-based lending protocol, has about $5.8 million in outstanding loans across two lending pools, including consumer loans, invoices and trade receivables, according to data from blockchain credit analytics platform rwa.xyz. The most distressed lending pools on Centrifuge provide funds to 1754 Factory for the purchase of short-term capital-point-payment bonds and small loans to French customers of the Bling fintech app. According to rwa.xyz data, 16 active loans worth about $5.1 million in the loan pool are past their repayment deadlines, with some loans taking more than 150 days to repay. In addition, four loans worth $3.3 million in its REIF pool that finance commercial real estate mortgages are past due on payments.