Centrifuge Raises $15.81 Million in Public Sale Financing on May 26, 2021

According to industry sources, Centrifuge completed a $15.81 million public sale financing on May 26, 2021. Following this round, Centrifuge’s total cumulative funding reached $50.61 million.Centrifuge is a decentralized asset financing protocol designed to provide liquidity for real-world assets. The platform enables borrowers to secure financing for their physical assets without relying on banks or other intermediaries, integrating these assets into the decentralized finance (DeFi) ecosystem. This approach lowers capital costs for small and medium-sized enterprises and offers DeFi investors a stable income stream that is independent of cryptocurrency market volatility. Centrifuge’s investment application, Tinlake, serves as an open marketplace for pools of real-world assets, allowing investors to browse pools created by asset originators and invest in projects that best fit their needs.Tracing Centrifuge’s development, the project first secured $3.8 million in funding in March 2018 and has since continued to attract attention from capital markets. Between 2019 and 2021, Centrifuge completed several rounds of financing. Notably, in July 2021, its token CFG was officially listed for trading. The project raised $4 million in strategic funding in November 2022 and closed a $15 million Series A round in April 2024, demonstrating robust growth momentum.However, it is important to note that in January 2025, Centrifuge experienced a security incident in which its social media accounts were compromised by hackers. In response, the team launched a tokenized S&P 500 index fund product, highlighting ongoing innovation in business development. As DeFi and traditional finance continue to converge, Centrifuge’s solution for on-chain real-world assets represents significant industry value.