Centrifuge, a real-world asset (RWA) tokenization platform, revealed on Thursday, July 24, the completion of its migration to the Ethereum ecosystem with the launch of Centrifuge V3.

The latest version of Centrifuge moves the protocol from being a parachain on Ethereum Layer 2 Polkadot to a multichain, Ethereum Virtual Machine (EVM)-native protocol, with support for RWAs across six EVM chains at launch: Ethereum, Plume, Base, Arbitrum, Avalanche, and BNB Chain. This migration was powered by Wormhole via its multichain interoperability platform.

A spokesperson for Centrifuge told The Defiant that the latest update is “both a migration and an expansion. On the migration side, we’re moving from our Substrate-based Centrifuge Chain and the V2 set of Solidity contracts to a single, fully EVM-native protocol.”

Explaining the choice of EVM-compatibility for Centrifuge, the spokesperson said:

Centrifuge also added that though the protocol migrates to a unified EVM codebase, its reach expands across multiple ecosystems from day one.

With this launch, Centrifuge will allow asset managers, DAOs, and fintech firms to create and manage tokenized assets without needing to handle the technical details of different blockchains, Jeroen Offerijns, Centrifuge CTO and co-author of ERC-7540, told The Defiant in an email.

“We’ve built the first end-to-end infrastructure for on-chain asset management that makes it easy for anyone to launch real-world asset products in minutes,” Offerijns said. “Moving to EVM was a key step to bring the entire asset lifecycle on-chain, from investment to allocation, while abstracting the technical complexity.

Offerijns explained that fund managers can manage liquidity across multiple chains from a single interface. “Allocators can invest from whatever chain they operate on,” he said. “That kind of cross-chain simplicity is unique to Centrifuge, and it’s critical to improving the user experience for institutions.”

The launch follows a string of milestones for Centrifuge, including a $1 billion tokenization deal with Janus Henderson, winning the $1 billion Spark Grand Prix, and a partnership with S&P Dow Jones Indices.

Centrifuge currently boasts a total value locked (TVL) of around $408 million, according to RWAxyz data. The total value of all RWAs on-chain is currently over $25 billion, led by BlackRock’s tokenized U.S. Treasuries fund, BUIDL.

First unveiled in April, Centrifuge V3 is a platform that lets users create custom tokenization systems using a modular set of pre-built, audited, and tested smart contracts.

“These contracts cover everything from compliance to asset management, issuance, and day-to-day operations,” Offerijns told The Defiant at the time. “Managers can launch tokenized products quickly and confidently, without needing to build or audit new infrastructure.”

Centrifuge has raised $27 million across five funding rounds, including $15 million in its most recent round led by ParaFi and Greenfield.