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Real-World Assets and Liquid Restaking: The Biggest Fund Gatherers of Late

Tokenizing real-world assets: investors show interest in solutions from Centrifuge and Homium

This week in crypto funding has been highlighted by significant investments in real-world assets and advancements in liquid restaking technologies.

Key takeaways:

  • Centrifuge raises $15 million to expand its real-world asset tokenization platform.
  • Homium and RWA Inc secure funding for projects focused on tokenizing physical assets.
  • Puffer joins the growth of liquid restaking protocols with a substantial Series A round.

Centrifuge has successfully raised $15 million to bolster its platform that facilitates the tokenization of real-world assets (RWAs), such as loans, credit, and real estate. This funding round, co-led by ParaFi Capital and Greenfield, builds on $7 million raised throughout 2022, bringing more robust financial backing to its innovative approach which includes creating NFTs linked to detailed off-chain data for transparency and security. 

Centrifuge co-founder Lucas Vogelsang stated:

"With the funding, we’ll continue to grow the team, invest in product development and support the broader tokenization ecosystem education and growth," 

Additionally, Homium has raised a $10 million Series A round, led by the Sorenson Impact Group and Avalanche’s Blizzard fund, to scale its tokenized real estate platform that transforms home equity loans into shared appreciation loans, currently available in Colorado.

Liquid restaking on the rise as Puffer announces major funding

Liquid restaking protocols are gaining traction, with Puffer announcing an $18 million Series A funding round, co-led by Brevan Howard Digital and Electric Capital. Puffer is rolling out its pufETH liquid restaking token, designed to offer holders yields from Ethereum staking and EigenLayer restaking, although it is yet to launch on the mainnet. 

As reported by DeFiLlam:

"Puffer is the third-largest liquid restaking protocol by total value locked (TVL), following ether.fi and Renzo,"

This development signifies a growing interest in liquid restaking solutions that offer enhanced liquidity and yield opportunities for cryptocurrency holders.

Broader implications and future directions in crypto funding

The recent funding rounds for companies like Centrifuge, Homium, and Puffer highlight a maturing approach to crypto funding, focusing on sustainable growth sectors within the industry such as real-world asset tokenization and staking innovations. These investments not only reflect confidence in the underlying technologies but also anticipate significant regulatory and market developments, such as the implications of upcoming crypto regulations like MiCA. As the industry continues to change, these funded projects may serve as benchmarks for innovation and regulatory compliance, potentially setting a precedent for future ventures in the crypto space.