Cryptocurrency A big step has been taken in the world of tokenized real assets (RWA). Centrifuge, a startup specializing in blockchain-based tokenized real assets (RWA), has joined forces with Coinbase and Morpho to create a new lending marketplace. This marketplace aims to provide instant liquidity to institutional investors through tokens backed by U.S. Treasury bonds.
Unleashing the Power of Tokenized Assets
Innovative credit market CoinbaseIt will operate on the Ethereum-based Base network developed by . Tokenized Treasury bonds such as Centrifuge’s Anemoy Liquid Treasury Fund (LTF) and Hashnote’s US Yield Coin (USYC) will be used as collateral in this market. The products in the system established by Morpho will offer investors a safe borrowing environment. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Centrifuge first came up with the idea of tokenizing real assets on the blockchain in 2017. However, at the time, these assets were struggling with liquidity issues. In the last few years, assets like short-term Treasury bonds have helped fuel the credit market. CentrifugeLucas Vogelsang, one of the founders of , stated that this market aims to bring more benefits to tokenized assets together with Morpho.
According to Vogelsang, if you own a Treasury bond and need liquidity for a few hours or a few days, you can access instant liquidity in this market without having to go through a long and costly process to redeem your tokenized asset.
It Could Be the Beginning of a New Era
Centrifuge, Coinbase and Morpho The collaboration also brings with it the use of Coinbase Verifications for the first time in the permissioned lending market. Innovation Coinbase makes the process more secure by verifying its customers’ own KYC (know your customer) information via the Ethereum Attestation Standard.
The collaboration accelerates the digitalization of traditional financial instruments by expanding the use of tokenized assets in the financial world. Investors will now have the opportunity to create a more flexible and efficient financial structure by accessing instant liquidity thanks to Blockchain. This new credit market, which was announced to be managed by Morpho Vaults, Steakhouse Financial and Re7 Labs, stands out as a harbinger of a major transformation in the financial world.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
