Centrifuge

Centrifuge is an infrastructure protocol that enables asset managers to tokenize and distribute their funds and real-world assets such as loans and treasury bills on the blockchain. For a long time the project ran on Centrifuge Chain in the Polkadot ecosystem; it then moved to a multi-chain structure operating on Ethereum and other EVM networks. With this transition, the old CFG and the wrapped WCFG were merged into a single CFG token issued with a new contract on Ethereum.

In the protocol, each fund or pool issues its own token; investors obtain a share of the relevant asset pool through these tokens, while eligibility and identity verification rules are applied according to the issuer's needs. The Centrifuge infrastructure aims to make it easier to distribute tokenized funds across different networks and to use them as collateral in decentralized finance protocols. CFG is the protocol's governance token; holders vote on matters such as protocol upgrades, the fee structure and use of the treasury.

The CFG price may be affected by the growth pace of the tokenized fund and real-world asset market, new asset managers joining the protocol, securities regulations and rival tokenization platforms. On the Centrifuge page on Lzzo.com, the price is taken from CFG/USDT trades on Binance and converted into dollars at Coinbase Exchange's USDT/USD rate; the chart is based on this dollar series.