Tokenized Credit Platform Centrifuge Plans Institutional RWA Lending on Coinbase's Base, Raises $15M in VC Investment
Summary
Centrifuge plans to develop a real-world asset lending protocol for institutions on Ethereum's Base network, allowing verified institutions to onboard RWAs and borrow against their holdings. The protocol raised $15 million in venture capital, leading to a 14% spike in its native token's value. The RWA tokenization market is growing, with Centrifuge focusing on bringing structured credit products to blockchain rails. This move reflects the increasing institutional adoption of real-world asset tokenization.
