Centrifuge
RWA · Private Credit · CFG
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
$0.2006
-0.0% 24h
Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Centrifuge and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | Goldfinch | Onchain private-credit protocol focused on emerging-market and off-chain business lending via decentralized underwriting. | Both tokenize off-chain private credit and channel DeFi liquidity to real-world borrowers backed by legal loan agreements. | Goldfinch emphasizes decentralized 'backer' underwriting and emerging-market loans, whereas Centrifuge focuses on structured/tranched pools, trade finance and institutional tokenized funds (Treasuries, corporate credit). |
| 2 | Clearpool | Permissioned onchain marketplace for institutional borrower pools, historically offering largely uncollateralized credit based on borrower creditworthiness. | Both connect institutional borrowers to onchain lenders and operate in the RWA/private-credit sector. | Clearpool's crypto-native, largely uncollateralized borrower pools correlate with crypto-market stress; Centrifuge finances tranched, collateralized real-world asset pools with off-chain SPV structures. |
| 3 | Maple Finance | Institutional onchain lending and credit marketplace with managed lending pools. | Direct peer in tokenized private credit connecting institutional borrowers to onchain capital. | Maple centers on crypto-native institutional lending pools, while Centrifuge specializes in tranched RWA securitization and tokenized traditional funds. |
| 4 | Ondo Finance | RWA platform focused on tokenized US Treasuries and yield-bearing cash-equivalent products for onchain investors. | Both tokenize traditional fixed-income assets (notably Treasury exposure) and distribute them as onchain tokens usable in DeFi. | Ondo concentrates on tokenized Treasury/money-market products, whereas Centrifuge is broader — a full asset-financing and securitization protocol spanning private credit, receivables and funds. |
| 5 | Maple Finance | Onchain institutional / private credit. | Both operate in RWA. | Institutional / private-credit model: borrower quality, repayment history, collateral ratios, defaults, pool managers and loan terms matter most. |
| 6 | Franklin Templeton | The only '40 Act mutual fund tokenized on-chain. | Both in RWA (Institutional-Gated, Yield-Bearing). | SEC-registered '40 Act mutual fund on-chain, retail-accessible at $20 via Benji; Franklin Templeton is its own transfer agent. |
| 7 | USD.AI | It lets crypto/stablecoin capital fund real-world AI compute infrastructure, especially GPUs, and turns that into a stablecoin/yield product. | Both operate in RWA. | It is not just "a stablecoin company." It is more like a RWA/private credit protocol where the RWA is AI compute infrastructure. |
| 8 | RealT | Fractional US real estate with daily rental yield. | Both in RWA (Yield-Bearing). | Per-property Delaware-LLC RealTokens stream daily rental yield to the holder's wallet; hundreds of individual property tokens. |
| 9 | Lofty.ai | Fractional US real estate on Algorand. | Both in RWA (Yield-Bearing). | Algorand-based fractional real estate with $50 minimums and per-property ASA governance; daily USDC rental yield. |
| 10 | Securitize | The leading SEC-registered tokenization transfer agent. | Both in RWA (Institutional-Gated). | SEC-registered transfer agent + broker-dealer + ATS, powering the largest institutional tokenized funds; filed for an NYSE listing (SECZ). |
| 11 | Anzen Finance | Private-credit-backed yield dollar. | Both operate in RWA. | Private credit RWA backing (not just T-bills) targeting 8-12% APY by exposing holders to institutional credit risk. |
| 12 | Estate Protocol | Fractional commercial real estate on-chain. | Both in RWA (Institutional-Gated). | Fractional commercial real estate on-chain. |
| 13 | Chateau Capital | Structured RWA credit products. | Both in RWA (Institutional-Gated). | Structured RWA credit products. |
| 14 | Toucan Protocol | Tokenized verified carbon credits. | Both in RWA (DAO-Governed, Yield-Bearing). | Bridges Verra-registry carbon credits on-chain into liquid BCT / NCT pool tokens for transparent retirement. |
| 15 | Arcton | Tokenized pre-IPO and private equity access. | Both in RWA (Institutional-Gated). | Tokenized pre-IPO and private equity access. |
| 16 | Aryze | Multi-currency RWA stablecoins and FX tokens. | Both in RWA (Institutional-Gated). | Multi-currency RWA stablecoins and FX tokens. |
| 17 | Atmosphera | Event and weather-linked structured finance. | Both operate in RWA. | Event and weather-linked structured finance. |
| 18 | Dinari | Tokenized US equities as dShares. | Both in RWA (Institutional-Gated). | Tokenized US equities as dShares. |
| 19 | DualMint | Tokenization infrastructure for real-world assets. | Both in RWA (Institutional-Gated). | Tokenization infrastructure for real-world assets. |
| 20 | Florence Finance | SME invoice financing on-chain. | Both in RWA (Institutional-Gated). | SME invoice financing on-chain. |
| 21 | Mountain Protocol | Regulated yield-bearing T-bill dollar (wound down). | Both operate in RWA. | One of the first yield-bearing stablecoins with formal regulatory oversight and daily-rebase T-bill yield. |