TechFlow news — On August 27, according to Coindesk, Centrifuge, a blockchain startup focused on tokenizing asset-backed assets, announced a collaboration with Morpho and Coinbase to launch an institutional-grade real-world asset (RWA) lending market. The market will be deployed on Base, Coinbase’s Ethereum Layer 2 network, leveraging Morpho’s vault system and supporting three U.S. Treasury-backed tokens as collateral. These tokens include Anemoy’s Liquid Treasury Fund (LTF), Midas’ short-term U.S. Treasury token (mTBILL), and Hashnote’s U.S. Yield Coin (USYC), all under the Centrifuge ecosystem.
Lucas Vogelsang, co-founder of Centrifuge, said the market aims to provide utility and liquidity for these tokens. Holders can quickly obtain USDC without going through complex redemption processes, avoiding the need to wait for issuers to return USD or pay additional fees.
