According to industry reports, Centrifuge raised $3.7 million in funding on October 29, 2019. Investors in this round included Crane Venture Partners, Fabric Ventures, Inflection, BlueYard Capital, Semantic Ventures, Mosaic Ventures, Robert Leshner, and Atlantic Labs. Following this round, Centrifuge’s total cumulative funding reached $50.61 million.Centrifuge is a decentralized asset finance protocol focused on providing liquidity solutions for real-world assets. The platform enables borrowers to finance their tangible assets without the need for banks or intermediaries by integrating these assets into the decentralized finance (DeFi) ecosystem. This approach reduces financing costs for small and medium-sized enterprises while offering DeFi investors a stable yield that is independent of crypto asset volatility.Notably, Centrifuge’s development dates back to March 2018, when the project first secured $3.8 million in funding. Since then, Centrifuge has continued to gain market recognition, completing multiple funding rounds in 2021, including $4.3 million and $15.81 million investments. The project’s token, CFG, began trading officially in July 2021. In recent years, Centrifuge has consistently innovated in the field of real-world asset tokenization; its Tinlake investment application serves as an open marketplace for asset pools, offering investors diversified investment opportunities.