Centrifuge’s Q3 TVL Falls 38% to $1 Billion as Tokenized Assets Expand

Centrifuge ended the third quarter with $1 billion in total value locked, down 38% quarter over quarter, even as its high-yield strategy and tokenized assets expanded across several blockchains. During the quarter, New York Life Investment Management’s U.S. high-yield corporate bond strategy expanded to Solana and Avalanche. Centrifuge assets also went live on Arc and X Layer. Those moves accompanied a decline in the platform-wide TVL figure. The strategy is the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio (HYB), announced June 30. Subscriptions and redemptions settle in USD Coin (USDC). The portfolio, investment process and risk management remain unchanged. HYB’s listed deployment footprint includes Ethereum, Avalanche, Pharos, X Layer, Arc and Solana. In a separate weekly snapshot on Oct.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.