Centrifuge is bringing tokenized Treasurys, AAA-rated CLOs and private credit to the Monad blockchain, making for the first availability of institutional-grade assets on the network.
According to an announcement shared with Cointelegraph, the integration includes tokenized products from Janus Henderson and Apollo Global Management, including JTRSY, JAAA and ACRDX, with investors holding onchain fund shares that represent direct claims on the underlying assets and support in-kind redemptions.
Centrifuge is also introducing freely transferable versions of these assets (deJTRSY, deJAAA and deCRDX) designed for use across the Monad ecosystem in lending, collateral and secondary market activity.
The assets are intended for use in onchain financial applications, allowing developers and protocols to integrate institutional credit products into lending, trading and liquidity strategies with 24/7 access and onchain settlement.
Monad is a high-performance, Ethereum-compatible Layer 1 blockchain designed to support large-scale financial applications.
Centrifuge is a platform that tokenizes real-world assets such as credit and government debt, making them available for use in onchain lending and collateral markets.
Centrifuge data, as of April 30. Source: RWA.xyz
According to RWA.xyz data, Centrifuge manages eight assets with around $1.76 billion in total value locked (TVL), the majority of which is concentrated on Ethereum, accounting for about 81% of total value, with smaller allocations across Avalanche C-Chain, Stellar, Base, Solana and BNB Chain.
Related: Stable Sea integrates WisdomTree tokenized Treasury fund for cash management
Tokenization spreads from funds to equities
Tokenized real-world assets have grown into a multi-billion-dollar market, with roughly $30 billion in assets onchain, led by Treasury debt and credit products, according to RWA.xyz.
Leading platforms include Securitize and Ondo Finance, with about $4.3 billion and $3.6 billion in assets, respectively.
Top tokenization platforms,as of April 30. Source: RWA.xyz
Securitize hosts a range of funds and private market products, including BlackRock USD Institutional Digital Liquidity Fund (BUIDL), alongside US Treasury funds, venture capital strategies and private credit vehicles from firms such as Apollo, VanEck and Hamilton Lane.
The company is also expanding beyond asset issuance into market infrastructure. In March, the New York Stock Exchange signed an agreement with Securitize to develop a blockchain-based trading platform for tokenized equities. Under the deal, Securitize will act as a digital transfer agent, minting blockchain-based shares and helping establish standards for compliant tokenized securities as part of a planned 24/7 trading venue.
The same month, Franklin Templeton partnered with Ondo Finance to bring exchange-traded funds onchain, giving investors exposure to equities, bonds and gold through crypto wallets.
