OGAudit Web3 Research: @centrifuge $CFG - Coinbase’s Preferred Tokenization Partner, Now Bringing Tokenized Treasuries to Monad Centrifuge, founded in 2017 by Lucas Vogelsang and Martin Quensel (previously co-founders of Taulia, a fintech company later acquired by SAP), has evolved from tokenizing invoices into infrastructure connecting traditional capital markets directly to onchain rails: - The platform now powers onchain strategies for Apollo, Janus Henderson and S&P Dow Jones Indices including the world’s first tokenized S&P 500 index fund and Janus Henderson’s JAAA (AAA-rated CLOs) with more than $2 billion in real world assets tokenized across 7 chains and over 21 independent security audits. - Tokenized products from Janus Henderson (JTRSY treasuries, JAAA CLOs) and Apollo’s ACRDX credit strategy are being integrated onto Monad, a separate high performance Layer 1 through freely transferable deRWA versions (deJTRSY, deJAAA, deCRDX) designed to enable 24/7 liquidity and active lending inside Monad’s DeFi ecosystem rather than locking these assets to a single chain. - CFG governs the protocol and captures value as ecosystem TVL grows though the token itself has no direct fee share mechanism tied to these institutional products. Tokenized assets built on Centrifuge plug directly into major DeFi protocols including Sky, Aave, Morpho and Pendle and platform TVL surpassed $1 billion in August 2025. Is landing Coinbase as both a named partner and strategic investor alongside real integrations with Apollo, Janus Henderson and now Monad, evidence that Centrifuge has become genuine infrastructure for institutional RWA tokenization rather than just another DeFi protocol chasing the trend or does CFG’s role as a governance token with no direct claim on the institutional fee revenue it helps enable mean the token’s value proposition still lags well behind the platform’s actual traction? Category: Real World Assets (RWA) Coin Name: $CFG Circulating Supply: 577.15M Market Cap: $100.3M Market Cap Rank: #172 OG (Trust) Score: 37.98 OG Score Rank: #167/954 Reviewed by 7 OG Auditors. See the Social Audit with Reviews by crypto OG’s and more on the $CFG Coin page: ogaudit(.)com/crypto/centrifuge-cfg-1 https://t.co/VyalMjZtyU