Centrifuge
A blockchain platform focused on token investment products, has appointed Jürgen Blumberg, former Goldman Sachs executive of the company’s exchange-traded fund (ETF) Europe’s accelerator business is its new chief operating officer.
He will also serve as chief investment officer of Anemoy, a chain asset management company for centrifuges.
Dating is Symbolization of real-world assets (RWA) It is attracting new attention from the traditional financial industry. Global banks, asset managers are increasingly using blockchain rails to relocate and record ownership of assets such as bonds, funds and stocks. They do so, increasing operational efficiency, broader distribution and programmable transactions.
This could be a huge opportunity. The current rwa market is now permanent According to the report McKinsey,,,,, 21shares,,,,, ripple and BCG.
Centrifuges are building standardized structures for these products, positioning themselves as a bridge between blockchain rails and financial institutions seeking access to digital versions of the products they are familiar with. It locks in over $760 million in total value on the platform, defill Data shows that includes a US$400 million U.S. fiscal fund issued with Anemoy. The agreement recently expanded the product to avalanche (avax) and Solana (Sol),,,,, create The chain version of the S&P 500 index and launched a token fund Credit loan obligations With asset manager Janus Henderson.
Before joining the centrifuge, Blumberg spent two decades on the traditional capital markets of Goldman Sachs, Invesco and BlackRock, helping to develop the ETF market into a major part of global asset management. In an interview with Coindesk, he was in the similarities between tokenization and early stages of ETF and how it undermined mutual fund markets.
“A large part of the world has never been the focus of traditional finance: for example, the global South or all countries that have problems with high inflation or currencies that are not easy to use in other jurisdictions,” Blumberg explained. “Now suddenly, they have gained a whole new ecosystem in the Defi (decentralized finance) world, which allows everyone to participate () and provide them with the same product quality as anyone else.”
“Assets that symbolize the real world really democratize the financial ecosystem,” he added.
Blumberg will focus on helping traditional financial companies link chains, while improving operations and tokenized products for use by institutions.
“Tradfi has a great distribution opportunity,” he said. “From a technical point of view, if you’re too late, you might miss the train.”
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