On-chain financial platform Centrifuge announced the successful completion of a $15 million Series A financing, which will be used to accelerate the widespread adoption of institutional DeFi.
This round of financing was co-led by ParaFi Capital and Greenfield, with participation from IOSG Ventures, Circle Ventures, Arrington Capital, The Spartan Group, Wintermute Ventures, etc. The new funds will be mainly used for product development, building on-chain practicality, ecosystem growth, and talent recruitment.
Since its founding in 2017, Centrifug has built a bridge between traditional finance and decentralized finance (DeFi) by creating a secure, compliant, and high-end platform. To promote on-chain practicality, Centrifuge plans to establish an institutional-grade RWA lending market on the Base chain and integrate with Coinbase Verification to enable institutions to quickly and securely access real-world assets (RWA). The market will provide instant liquidity and lending capabilities for real-world assets without giving up compliance or regulatory requirements.