Centrifuge’s New App Launched
Centrifuge’s New App Launched. The new Centrifuge App is here, succeeding Tinlake and making it easier than ever to jump into real-world assets on-chain.
Centrifuge App is a completely redesigned and unified platform for investing in real-world assets (RWAs) on-chain. Absolutely, the Centrifuge’s designers and engineers have overhauled the Centrifuge experience, using learnings from Tinlake — its previous app that has facilitated $387M in assets financed all time to create the new standard for seamless and intuitive investing on-chain.
Diving into the Centrifuge app and how it lays the foundation for what to expect in the future!
An app that is safe, reliable, and user-friendly is critical for creating an open and decentralized financial system available to everyone. That’s exactly why the team rebuilt the Centrifuge user experience, merging the sophistication and security of TradFi with the efficiency, scale, and innovation of DeFi.
KYC in seconds. Invest in minutes!
Interacting with the world of traditional finance requires KYC (“Know Your Customer”). It’s necessary for issuer compliance. Additionally, it is a vital step to enable investor protection in the event of a default.
As the bridge between TradFi and DeFi, we’re focused on building the necessary structure in a way that doesn’t detract from the investor experience.
Centrifuge stated that they rebuilt this process from the ground up so that it all takes place within the Centrifuge app. Users won’t need to create an account or go to a separate website to finish onboarding. The process takes less than 5 minutes to complete. Its goal is to make it so fast and seamless; you won’t even know you’re doing it.
Similarly, they have also completely automated KYB (“Know Your Business”) as part of this same flow, enabling institutional investors to take part in Centrifuge pools as easily as individuals can.
Prepared for a Multi-Chain Future
The Centrifuge app has been built with multi-chain support in mind. We’re building towards a world where people can invest in real-world assets on Centrifuge from any chain.
New connect wallet functionality allows users to pick which chain they want to interact with Centrifuge from, starting with Ethereum and Centrifuge Chain.
Connecting via an Ethereum wallet — MetaMask, Wallet Connect, or Coinbase Wallet — lets users invest in existing Ethereum-based pools.
Connecting with a Substrate wallet like Talisman or SubWallet lets users invest in new pools on Centrifuge Chain (coming soon!).
Integrations with other chains
Centrifuge embarked on the development of multi-chain support. Since then, its engineers have been perfecting functionality that will empower investors to interact with Centrifuge and invest in RWA pools from any supported chain. With the Centrifuge App, the foundation has been laid for Centrifuge’s multi-chain future.
Centrifuge is the institutional ecosystem for on-chain credit. The platform enables a radically faster, more cost-effective, and fully transparent model for connecting investors and borrowers with bankless liquidity. Centrifuge is unlocking economic opportunity for all with more equitable access to capital and credit.