The market will allow for the collateralization of and borrowing against Centrifuge’s Anemoy fund, tokenized T-bills from Midas and Hashnote’s U.S. Yield Coin.UnmuteCentrifuge, a startup specializing in blockchain-based tokens representing real-world assets , has established a lending market relying on collateral from several U.S. Treasury-backed tokens using lending firm Morpho’s system of vaults.
“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you're using to borrow.