RWA Specialist Centrifuge Launches Tokenization Service, Beginning with Daylight

Centrifuge Launches Tokenization Platform: Centrifuge has introduced a new tokenization platform called Centrifuge Whitelabel, aimed at helping institutions and fintechs create tokenized financial products more efficiently.

First User of the Platform: The decentralized energy startup Daylight is the first to utilize this platform, creating tokenized vaults for energy assets, which simplifies the backend processes involved in asset issuance and distribution.

Growing Demand for Tokenization: The launch reflects an increasing interest in tokenizing various assets, including credit and energy, with projections indicating the sector could grow to nearly $19 trillion by 2033.

Centrifuge's Market Position: Founded in 2017, Centrifuge has been a pioneer in bringing real-world assets on-chain, having distributed over $1.3 billion in tokenized assets, and aims to make tokenization accessible to a broader market.