Centrifuge surpasses $1 billion in total value locked (TVL), alongside BlackRock’s BUIDL fund and Ondo Finance. CEO Bhaji Illuminati credits the milestone to institutions moving from pilots to real deployments, with strong demand for onchain allocator. Centrifuge also unveils tokenized S&P 500 product, with plans for sector-specific and thematic indexes.

deRWA initiative aims to bring tokenized assets to retail investors through major exchanges, wallets, lending protocols, and DeFi integrations. S&P Dow Jones Indices in discussions with exchanges, custodians, and DeFi protocols to list tokenized versions of benchmarks. Illuminati expects public market RWAs to lead adoption, with private markets dominating in the future.

Boston Consulting Group and Ripple estimate tokenized real-world assets could exceed $18 trillion by 2033, with a compound annual growth rate of 53%. Illuminati sees blockchain removing inefficiencies and unlocking hidden value, leading to increased adoption of tokenized assets. Centrifuge’s pipeline includes traditional asset managers and onchain-native managers leveraging its RWA Launchpad.

Read more at Cointelegraph: Centrifuge tops $1B TVL as institutions drive tokenized RWA growth