LayerZero and Centrifuge are partnering to integrate Centrifuge's institutional tokenization infrastructure into the interoperability protocol’s ecosystem, according to a press release shared exclusively with The Defiant. The companies said that the deal aims to make access and distribution of tokenized real world asset (RWA) products broader with multichain reach from launch.
The partnership addresses the issue of blockchain fragmentation for institutional tokenization. Via LayerZero's OApp standard, issuers can extend products across over 165 blockchain networks, while retaining a unified supply, according to the release.
The first Centrifuge products to adopt LayerZero includes three of its tokenized funds, JTRSY — its largest by total value, with nearly $861 million in tokenized U.S. Treasuries — as well as JAAA, and SPXA, which launched in September as the first licensed tokenized S&P 500 index fund.
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