BERLIN, GERMANY / ACCESSWIRE / May 18, 2022 /Centrifuge, the leading DeFi protocol for financing real-world assets (RWAs) on the blockchain, has announced a strategic partnership with crypto and blockchain investment firm, BlockTower. Through this partnership, BlockTower will bring institutional capital and assets to the Centrifuge protocol, significantly accelerating the financing of RWAs on-chain. A first-round treasury token sale worth $3 million was completed in April under the new alliance.

The partnership showcases the value of investing in RWAs for both traditional and crypto investors. BlockTower will continue to be a thought leader in the RWA segment, alongside Centrifuge, becoming the first major investment firm to build investment expertise and a strategy specifically around this asset class. The partnership not only reflects BlockTower's conviction in the future of RWAs, but also underlines Centrifuge's reputation as the leading DeFi protocol in the RWA space.

With Centrifuge, businesses can tokenize non-crypto assets such as mortgages, invoices and consumer credit, to create asset-backed pools that create an investment opportunity. The protocol is democratizing access to capital by allowing businesses to transact directly with investors, while sidestepping banks and other centralized intermediaries. Anyone can provide liquidity, and in return, investors earn interest plus rewards in Centrifuge Tokens (CFG), which power the Centrifuge Chain. Ultimately, Centrifuge aims to create a robust, decentralized credit ecosystem.

Centrifuge and BlockTower will both be at the Permissionless conference in Miami from May 17-19, where they will speak to the momentum behind the RWAs in DeFi and how institutional investors can capitalize on it.

Matthew Goetz, CEO/Co-Founder, BlockTower Capital Advisors: "Blockchain technology has long held promise to overhaul the plumbing of the world's financial services. To this end, BlockTower is excited to support the Centrifuge team as they democratize access to and generate efficiencies in the securitization industry; we believe these strategic partnerships are essential to usher in the future of finance."

Lucas Vogelsang, CEO/Co-Founder, Centrifuge: "The value of Real-World Assets to DeFi is becoming increasingly clear as the technology matures and we see first major successes in this space. The partnership between BlockTower and Centrifuge is an exciting step to accelerate the adoption of DeFi in institutional capital."

Founded in 2017, Centrifuge is a decentralized asset financing protocol.The platform enables a radically faster, more cost-effective, and fully-transparent model for connecting investors and borrowers with bankless liquidity. Centrifuge is unlocking economic opportunity for all with more equitable access to capital and credit.

BlockTower is an institutional investment firm focused on cryptocurrency and blockchain technology, applying the skills of professional trading, investing, risk and portfolio management to this digital asset class. Strategies span the full crypto opportunity set including active liquid investing, market neutral trading, credit and lending, and early stage venture capital. The firm was founded in 2017 by Goldman Sachs executive and engineer, Matthew Goetz, and University of Chicago Endowment portfolio and risk manager and Susquehanna International Group trader, Ari Paul.

CONTACT: Dan Edelstein pr@marketacross.com

View source version on accesswire.com: https://www.accesswire.com/701860/Centrifuge-and-BlockTower-Announce-3-Million-Treasury-Sale-Under-New-Strategic-Alliance-To-Build-the-Future-of-Real-world-Assets-On-chain

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