Centrifuge
A Blockchain platform dedicated to tokenizing investment products, was appointed Jürgen Blumberg, former Goldman Sachs executive of funds exchanged by the firm (ETF) European accelerator business, as the new chief operating officer.
He will also serve as a chief investment officer for Anemoy, the Centrifuge’s on-chain asset management firm.
The appointment came as Tokenization of real-world assets (RWA) will draw new attention from the traditional financial world. Global banks, asset managers are increasingly exploring using blockchain metals for moving and recording ownership of properties such as bonds, funds and equality. They do this by pursuing operating efficiency, greater distribution and around the time, transactions that can be programmed.
This is a potential a great opportunity. The tokenized RWA Market, now standing With $ 25 billion and more than doubling a year, it is expected to grow in many trillion dollars over the next decade, according to reports of McKinsey, 21shares, Ripple and bcg.
Centrifuge builds regulated structures for these products, which positions itself as a bridge between blockchain metals and financial institutions seeking exposure to digital versions of familiar investment products. It has more than $ 760 million of the total amount locked on the platform, Delete Data shows, including the $ 400 million tokenized US Treasury Fund released with Anemoy. The protocol has recently expanded the products to Avalanche (AVAX) and Solana (Sol), Created an on-chain version of the S&P 500 index and launched a tokenized fund of Credit Loan Obligations with asset manager Janus Henderson.
Before joining Centrifuge, Blumberg spent more than two decades on traditional capital markets in Goldman Sachs, Invesco and Blackrock, which helps build the ETF market in a major part of global ownership management. In an interview with CoinDesk, he draws an analogy between tokenization and the early days of ETFs and how it interferes with the mutual funds market.
“There is a big part of the world that is not really the focus of traditional finances: the global south, for example, or all those countries with high inflation problems, or in currencies that are not really easy to use in other constituents,” Blumberg explained. “Now they suddenly get a whole new ecosystem in the Defi (decentralized finance) world, allowing them all to participate (and) give them the same quality of products as anyone else.”
“The tokenized real ownership of the world really dedicated the financial ecosystem,” he added.
Blumberg will focus on helping to bring traditional financial companies to the chain and simultaneously improve operations and tokenized products for institutional use.
“There is a great opportunity for the distribution for tradfi,” he said. “From one point of technology, if you’re late, you can miss the train.”
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