Centrifuge is a pioneering protocol that bridges real-world assets (RWAs) with decentralized finance, enabling businesses to tokenize invoices, real estate, and other tangible assets for use as collateral in DeFi lending markets. Its flagship product, Tinlake (now evolved into the Centrifuge App), has been instrumental in bringing structured credit on-chain, with notable integrations including MakerDAO and Aave, where it has facilitated significant real-world asset vaults.

Strengths include its first-mover advantage in the RWA space, strong institutional partnerships, and a clear regulatory-conscious approach. The protocol operates its own Substrate-based parachain while maintaining deep Ethereum integration via CFG token bridges. The team has demonstrated consistent execution and credibility within both DeFi and traditional finance circles.

Concerns include the inherent complexity of real-world asset underwriting, potential regulatory uncertainty around tokenized securities, and relatively lower liquidity for CFG compared to major DeFi tokens. Competition in the RWA sector is also intensifying. Nonetheless, Centrifuge remains one of the most credible and impactful projects bridging TradFi and DeFi.