Centrifuge Brings Institutional Tokenization Rails to LayerZero’s Expanding Interop Network - Crypto Economy

TL;DR:

• Centrifuge and LayerZero announced an integration to expand multichain access to tokenized funds across more than 165 blockchain networks.
• The first adopted products include JTRSY, with nearly $861 million in tokenized Treasuries, alongside JAAA and SPXA, the first licensed tokenized S&P 500 fund.
• The assets will be deployed on Zero, LayerZero’s Layer 1 blockchain backed by Citadel Securities, DTCC, ICE, and Google Cloud.

Centrifuge and LayerZero announced a partnership to integrate Centrifuge’s institutional tokenization infrastructure within the interoperability protocol’s ecosystem. The agreement aims to broaden access and distribution of tokenized real-world asset (RWA) products from the moment of launch, giving them multichain reach.

The integration directly addresses the cross-chain fragmentation problem affecting institutional tokenization. Through LayerZero’s OApp standard, issuers can extend their products to more than 165 networks while maintaining a unified supply.


Centrifuge: Three Funds Moving the Board

The first Centrifuge products to adopt LayerZero are three tokenized funds: JTRSY —the largest by total value, with nearly $861 million in tokenized U.S. Treasuries—, JAAA and SPXA, the latter launched in September as the first licensed tokenized fund of the S&P 500 index. All three will expand to Ethereum, Solana, Avalanche, BNB Chain, Base, Optimism, and HyperEVM. According to data from RWAxyz, JTRSY operates mostly on Ethereum, while SPXA is concentrated entirely on Base, Coinbase’s network.

They are also laying the groundwork for Centrifuge assets to be deployed on Zero, the Layer 1 blockchain recently launched by LayerZero with the backing of Citadel Securities, the Depository Trust & Clearing Corporation, Intercontinental Exchange, and Google Cloud, designed as core infrastructure for financial markets.


Zero, the Next Stage

Bryan Pellegrino, CEO of LayerZero Labs, noted that Centrifuge, with its institutional client base and tokenization suite, is exactly the type of asset the network was designed for.

LayerZero Labs reported that the protocol surpasses $90 billion in secured assets and brings together more than 700 projects being built within its ecosystem. The company also noted that it handles more than 70% of all cross-chain messaging traffic in Web3.

Tokenized on-chain RWAs reached $18.4 billion by the end of 2025, with the number of holders growing from 84,000 to 564,000 over the course of the year, according to a report by Centrifuge itself. The platform currently accumulates $1.33 billion in asset value distributed across its tokenized RWA products.