Centrifuge, a DeFi platform, has announced plans to create a lending protocol for real-world assets (RWAs) on Coinbase's Ethereum layer-2 network, Base. The protocol will enable verified institutions to borrow against their RWA holdings. The announcement comes as the market for tokenized assets is expected to reach $10 trillion by the end of the decade, with digital asset firms and global banks bringing traditional financial products to blockchain plumbing to increase efficiency, settlement speed, and transparency. Centrifuge recently raised $15 million in venture capital investment, with ParaFi Capital and Greenfield leading the funding round.
