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Centrifuge CFG |
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$0.36318 |
2.46 % (24h) |
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Marketcap |
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$205,062,390 |
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Volume 24h |
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$3,613,035 |
Description
Centrifuge is a decentralized finance (DeFi) platform designed to help businesses unlock liquidity by tokenizing real-world assets.
The platform allows businesses to tokenize assets such as invoices, real estate, and other forms of credit, enabling them to use these tokenized assets as collateral for borrowing.
Centrifuge uses the Tinlake protocol to create asset-backed tokens that can be traded on decentralized markets.
These tokens provide access to liquidity for businesses that traditionally struggle to access credit through conventional financial systems.
By tokenizing real-world assets and enabling the use of these tokens in the DeFi space, Centrifuge bridges the gap between traditional finance and decentralized finance, helping businesses access the capital they need while increasing the accessibility of real-world assets in the DeFi ecosystem.