Centrifuge V3 Launches, Unifying Multichain RWA with Wormhole's Support

Centrifuge, a prominent platform in the realm of real-world asset (RWA) tokenization, has successfully launched its Centrifuge V3, according to wormhole.com. This significant upgrade spans across six Ethereum Virtual Machine (EVM) chains: Ethereum, Plume, Base, Arbitrum, Avalanche, and BNB Chain, and is powered exclusively by Wormhole. This launch establishes a unified multichain foundation designed for institutional-grade asset management and the development of next-generation financial products.

Enhanced Capabilities and Cross-Chain Integration

The completion of Centrifuge's migration to the Ethereum ecosystem introduces powerful capabilities such as cross-chain product issuance, borderless investor access, and seamless liquidity flow across prominent DeFi ecosystems. Bhaji Illuminati, CEO of Centrifuge, stated, "Centrifuge V3 is the infrastructure for the next generation of financial markets. This launch is the culmination of almost a year of building, auditing, and validating."

Wormhole's involvement is pivotal, as it aims to connect every chain, asset, app, and user. With Centrifuge V3, Wormhole's mission materializes by eliminating the fragmentation that has historically hindered the growth of tokenized asset markets. This collaboration ensures that liquidity is unified across chains, empowering asset managers to allocate, rebalance, and manage products within a single environment.

Modular Design for Diverse Use Cases

Centrifuge V3’s modular design supports a broad range of use cases throughout the asset management lifecycle, from issuance to ongoing management. This design allows asset managers to access capital wherever it resides, while providing investors with new opportunities. The launch builds on Centrifuge's track record of innovation in RWAs and Wormhole's trusted multichain capabilities, which have already supported significant digital assets globally.

Robinson Burkey, Co-Founder of Wormhole Foundation, expressed enthusiasm about supporting Centrifuge's multichain expansion. He noted, "We're excited to support Centrifuge's multichain expansion with Wormhole, enabling seamless interoperability that breaks down liquidity silos, boosts access, and opens new use cases for onchain capital markets."

About Wormhole

Wormhole is a leading interoperability platform that facilitates multichain applications and bridges at scale. It provides developers with access to liquidity and users across more than 40 leading blockchain networks, enabling diverse use cases in DeFi, NFTs, governance, and more. Trusted by teams like Circle and Uniswap, Wormhole has enabled the transfer of over $60 billion through more than one billion cross-chain messages. For more information, visit the wormhole.com.