Centrifuge

RWA · Private Credit · CFG

NetworkRWACreditPrivate CreditDAO-GovernedInstitutional-GatedYield-Bearing2 coinsVerified

Centrifuge tokenizes illiquid real-world business assets (invoices, mortgages, trade finance) through bankruptcy-remote SPV structures. DROP/TIN senior-junior tranche tokens link legal collateral to on-chain investors; JAAA and JTRSY add tokenized CLO and Treasury exposure.

Tokenizing illiquid real-world business assets.

CFG price

$0.1484

-3.1% 24h

Latest data · 15 min delay

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Create agent with Centrifuge

Overview Metrics Research Risks Competitors Partnerships AI agent skills

Competitors

On-platform Credit relationships for an entity outside the tagged cohorts.

Adjacent sectors

On-platform competitors whose primary sector is outside Credit.

Clearpooldirect
Institutional uncollateralized lending pools.
TVL $21.0Mlive
Borrowed -
-
Goldfinchdirect
Uncollateralized crypto loans to real-world businesses.
TVL $1.6Mlive
Borrowed -
-

Off-platform competitors

Tier B · not covered on CanHav

Context-setting competitors outside the EVM DeFi scope: named for completeness, not tracked, not clickable.

Centralised lenders

Tether (lending arm)CeFi lender
62.25% share of tracked CeFi lending, Q1 2026
NexoCeFi lender
7.02% CeFi market share Q1 2026
Coinbase crypto-backed loansCeFi lender
Loan book grew $90.04m in Q1 2026, distributes Steakhouse-curated Morpho USDC lending to retail
Galaxy Digital lending deskCeFi lender
Contracted 21% in Q1 2026
LednCeFi lender, BTC
Historically third-largest CeFi lender

Tokenised treasuries

BlackRock BUIDLTokenised treasury fund
$2.61bn as of 26 July 2026
Circle USYCTokenised treasury
$3.00bn as of 26 July 2026
Ondo USDYTokenised treasury note
$2.16bn as of 26 July 2026
Ondo OUSGTokenised short-term government bond fund
$481m as of 26 July 2026
Franklin Templeton BENJITokenised money market fund
$735m as of 26 July 2026, SEC-registered

Market benchmarks

CeFi lending market aggregateMarket benchmark
Loan books fell 6% QoQ to $23.3bn in Q1 2026, first contraction since Q3 2024
Tokenised US Treasuries aggregateMarket benchmark
$16.20bn across 85 products as of 26 July 2026

Non-EVM protocols

Kamino FinanceNon-EVM lending protocol, Solana
Roughly $3.2bn TVL, the main non-EVM benchmark
Save, MarginFi, DriftNon-EVM lending protocols, Solana
Drove Solana past $2.1bn of active loans in May 2026
Jupiter Lend and Project 0 PrimeNon-EVM lending infrastructure, Solana
Prime engine covers roughly 98% of Solana lending TVL