Centrifuge [OLD] CFG Price

What is Centrifuge [OLD] (CFG)?

Centrifuge, a pioneering blockchain-based platform, is making waves in the decentralized finance (DeFi) space by seamlessly integrating real-world assets into the crypto ecosystem. With a focus on legal compliance, security, and decentralized governance, Centrifuge operates a platform that significantly reduces traditional securitization costs. This innovative protocol tokenizes a diverse range of assets, including invoices, real estate, and royalties, converting them into non-fungible tokens (NFTs) on the Centrifuge Chain.

One of Centrifuge's standout achievements is its Total Value Locked (TVL) growth in real-world assets (RWA). Monthly, the TVL of tokenized real-world assets on Centrifuge has been doubling, showcasing the platform's rapid expansion. The Centrifuge Chain, built on Polkadot for speed and low fees, boasts the highest TVL in the Polkadot ecosystem. Moreover, Centrifuge is set to launch as one of the first Parachains on Polkadot, further solidifying its presence in the crypto space. Centrifuge's financial DApp, Tinlake, operates as an asset-backed lending application, facilitating users in accessing financing using DeFi, with over $10 million TVL and financing 10+ asset types.

The driving force behind Centrifuge's success lies in its founders, Lucas Vogelsang and Martin Quensel, who launched the platform in 2017. Vogelsang, the CEO, and Quensel, the COO, bring a wealth of experience, having previously co-founded successful ventures. Centrifuge's uniqueness stems from its ability to link real-world assets with DeFi, providing businesses with access to liquidity and investors with a stable yield. As an open platform, Centrifuge is bridged to Ethereum, ensuring access to two major crypto ecosystems: one for DeFi liquidity and one for speed. With its commitment to privacy enabled NFTs, legal compliance, and integrating with industry leaders like MakerDAO and Aave, Centrifuge is driving the financial supply chain towards a trustless and cryptographically secured protocol, reshaping the future of DeFi.

What is unique about Centrifuge [OLD] (CFG)?

Centrifuge stands out for seamlessly integrating real-world assets into DeFi, achieving high TVL growth, and offering decentralized governance across Polkadot and Ethereum ecosystems.

Who are the founders of Centrifuge [OLD] (CFG)?

Centrifuge was founded in 2017 by Lucas Vogelsang, the CEO and founding engineer, along with Martin Quensel, the COO, both bringing significant experience from successful ventures like DeinDeal and Taulia.

Who are the backers/investors of Centrifuge [OLD] (CFG)?

Centrifuge has garnered support from Galaxy, Coinbase Ventures, IOSG, Fenbushi Capital, RockawayX, Fabric Ventures and other investors and backers.

Where can I buy Centrifuge [OLD] (CFG)?

You can buy Centrifuge [OLD] (CFG) on Kraken, BingX, OrangeX, BitvavoBit2Me cryptocurrency exchanges.