Centrifuge Secures $15M Series A Led by ParaFi, Greenfield, and Wintermute

Apr 17, 2024, 11:36 AM

Centrifuge, a platform that specializes in turning real world assets (RWAs) into loans, has successfully raised $15 million in a Series A funding round. The round, led by ParaFi Capital and Greenfield and backed by Wintermute Ventures, was oversubscribed, indicating strong investor interest. This funding will support Centrifuge's development, innovation, and adoption in both traditional and decentralized finance. Key focus areas for the newly acquired funds include efficient on-chain fund management, more DeFi integrations, ecosystem growth, and strategic hires. Additionally, a proposal has been made to the DAO to build an RWA Lending Market on Base, further expanding Centrifuge's influence in the DeFi sector. The team, led by Lucas Vo, is poised for significant advancements in institutional DeFi.