Tokenized RWAs have now surpassed $30B on-chain.
Centrifuge already has tokenized Treasuries and AAA-rated CLO products trading inside DeFi through integrations like SushiSwap and Stellar.
$CFG still sits near a ~$123M market cap.
Why is the market barely valuing one of the earliest protocols turning RWAs into usable DeFi assets?
Centrifuge is building infrastructure that brings real-world assets on-chain and makes them usable across DeFi.
The protocol focuses on assets such as:
• US Treasuries
• Private credit
• CLOs
• Invoices
• Supply-chain assets
The key idea is composability.
Instead of simply tokenizing assets, Centrifuge aims to make them liquid, tradable, and usable as collateral throughout on-chain finance.
That differentiates it from many RWA platforms that primarily focus on issuance.
Recent integrations with networks like Stellar and LayerZero are pushing that vision further by allowing tokenized assets to move across ecosystems and interact directly with DeFi applications.
There are still important challenges.
RWAs remain heavily dependent on:
• Regulatory clarity
• Institutional participation
• Deep secondary market liquidity
• Continued integration across DeFi
Adoption also moves more slowly than in purely crypto-native sectors because traditional institutions typically operate on longer timelines.
Supply is not a major concern:
• ~577M tokens already circulate
• Total supply sits near ~697M
• Most future value depends on protocol usage rather than token scarcity
At the same time:
• No major exploit history surfaced
• No public governance controversies emerged
• Development remains consistently focused on institutional RWA infrastructure
Tokenomics
• Price: ~$0.21
• Market cap: $122.2M
• Circulating supply: 577.15M
• Total supply: 697.16M
Always take whatever you read on the internet with a pinch of salt, do your own research, NFA.
