Portfolio company Centrifuge achieved a milestone today in publicly launching Tinlake & the Centrifuge Chain to help bridge the gap of real world assets into the DeFi ecosystem!
FinTech Collective is a proud early backer, and more importantly asset financiers & network participants.
Centrifuge announced two major releases: an asset-backed lending Dapp called Tinlake and the general availability of the Centrifuge Chain mainnet.
Link to Blog Post
Link to Media Articles
How Centrifuge plans to connect real assets with the DeFi world. The Block Crypto link
Tinlake is Centrifgue’s securitization Dapp on Ethereum which lets investors and borrowers finance their own asset pools. Tinlake’s smart contracts are open source and integrate easily into the DeFi ecosystem. Tinlake uses Centrifuge Chain to originate individual non-fungible assets used as collateral for loans.
Centrifuge Chain is an open and permissionless Proof-of-Stake blockchain built on Substrate. This is the starting point for originating real-world assets. It enables users to bring their assets on-chain as non-fungible tokens (NFTs). NFTs are easily bridged to Ethereum from day one. The chain is powered by the Radial token, which empowers its holder with governance and provides the incentive for validators to operate it. FinTech Collective is proud to join as network participants with other validators securing the chain.