Centrifuge to Launch Institutional RWA Lending on Coinbase Base, Raises $15M in VC Funding

In the wild world of crypto, Centrifuge is gearing up to shake things up on Coinbase’s Base platform by introducing institutional RWA lending. This tokenized credit platform is flexing its muscles with plans to offer real-world asset (RWA) lending, and with $15 million freshly injected into its veins through VC investment, Centrifuge means business. The market reacted like a kid who just got a new toy, as CFG, the native token of the protocol, shot up by a whopping 14% upon the announcement. It was the talk of the DeFi town, outshining its peers with its stellar performance. But as excitement settled and realities sank in, the gains were a bit trimmed, like a haircut after a wild party. Despite the slight dip, Centrifuge’s ambitions to revolutionize the lending scene with its tokenized magic are making waves. So keep your eyes peeled as this crypto saga unfolds on the high seas of innovation and disruption.