Together with RBF, Galaxy Digital, for example, has invested in the start-up, which has long sought to connect the worlds of corporate banking and blockchain technology.
Startup focuses on the transfer of standard financial instruments into a blockchain, thanks to which securities can be handled electronically without worrying about their authenticity. Through Centrifuge, it is possible to provide capital even where banks do not dare: for example, artists who, thanks to the platform, can bridge the period before they get paid to stream their content on Spotify.
Maria Staszkiewicz, director of the Czech Fintech Association and founder of the Blockchain Republic initiative, believes that the key to Centrifuge’s success will be whether and how it manages to comply with regulation. “The area of decentralized finance is very popular today and is growing rapidly. In addition, the centrifuge focuses not only on the world of cryptoactive, but also goes into the area of traditional finance, which is certainly a promising direction. On the other hand, there is the obligation to comply with financial services regulation, both existing and new, such as the very strict EU regulation on MiCA cryptoactive markets, ”says Staszkiewicz.
RBF sees the start-up as a pioneer who is one of the first to bring interest from the traditional world of finance to the world of blockchain. “Centrifuge has developed a platform connecting investors who are looking for a stable return with companies that need access to capital. It thus allows companies to finance short-term debt, such as invoices issued, ”describes the possibilities of the Fischer platform.
In practice, according to Fischer, thanks to the platform, companies can reach the capital one to three months earlier than if they were waiting for the actual payment of invoices. In this case, the interest is in higher percentage units.
So far, almost four million dollars have been financed through Centrifuge, while the total value of such traded assets could reach up to trillions of dollars in the future, according to the startup. For example, logistics companies such as Harbor Trade Credit and real estate companies such as New Silver now use the platform.
The centrifuge further bets on the fact that “tokenized” securities (ie hung on a blockchain, author’s note) will be bundled and then traded with them.
RBF belongs to the Rockaway Capital portfolio of entrepreneur Jakub Havrlant. In the next two years, it wants to invest over two billion crowns in blockchain start-ups, thanks to which the largest blockchain fund in Europe is to be established under its wings. Solana, Uniswap, Terra, Vega, Bitcoin Suisse or 1Inch are already part of the startup portfolio.
Blockchain – a public ledger in which data on virtual currency movements are recorded. It is distributed among a large number of mutually independent computers, which also verify the accuracy of the data contained in it. Therefore, there is no need for a central authority to be responsible for the data in the blockchain.
Token – a virtual currency that was created primarily for the needs of one specific project. It works as a game token.
Decentralized financing – financial services that use blockchain and tokens. Due to their technological nature, they do not need classic central control in the form of a bank or office.
Source: E15.cz by www.e15.cz.
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