Centrifuge’s largest tokenized fund, JTRSY, is among the first of its products to adopt LayerZero.
LayerZero and Centrifuge are partnering to integrate Centrifuge’s institutional tokenization infrastructure into the interoperability protocol’s ecosystem, according to a press release shared exclusively with The Defiant. The companies said that the deal aims to make access and distribution of tokenized real world asset (RWA) products broader with multichain reach from launch.
The partnership addresses the issue of blockchain fragmentation for institutional tokenization. Via LayerZero’s OApp standard, issuers can extend products across over 165 blockchain networks, while retaining a unified supply, according to the release.
The first Centrifuge products to adopt LayerZero includes three of its tokenized funds, JTRSY — its largest by total value, with nearly $861 million in tokenized U.S. Treasuries — as well as JAAA, and SPXA, which launched in September as the first licensed tokenized S&P 500 index fund.
The three tokenized funds will expand across Ethereum, Solana, Avalanche, BNB Chain, Base, Optimism, and HyperEVM, per the release. Data from RWAxyz shows that JTRSY is currently mostly on Ethereum, while SPXA is exclusively on Coinbase’s Base.
The partnership also sets the stage for Centrifuge assets to be deployed on Zero, LayerZero’s recently announced Layer 1 blockchain. The L1 is slated for launch this fall, per the company’s original announcement, and is backed by Citadel Securities, The Depository Trust & Clearing Corporation, Intercontinental Exchange, and Google Cloud, and designed as core infrastructure for financial markets.
Bryan Pellegrino, CEO of LayerZero Labs, told The Defiant:
“We want partners building on LayerZero to extend into Zero, and Centrifuge, with its institutional client base and tokenization suite, is exactly the kind of asset we’re designing the network for.”
For its part, Centrifuge framed its plans for deploying on LayerZero’s Zero as a wait and see situation, provided the L1 gains traction after launch.
“As part of our broader multichain distribution strategy, we see Zero as an important ecosystem over time,” Anil Sood, chief strategy and growth officer at Centrifuge Labs, told The Defiant, continuing:
“Our objective is to make key products such as JTRSY, JAAA, and SPXA accessible across the networks where liquidity, users, and onchain utility are forming.”
LayerZero Labs’ told The Defiant that the interoperability protocol currently has over $90 billion in assets secured, and more than 700 projects building in its ecosystem, though The Defiant was unable to independently verify this data. As of last May, the company said it handles over 70% of all cross-chain messaging traffic in web3.
Bhaji Illuminati, CEO of Centrifuge Labs said in a statement, “For institutions, tokenization becomes strategic when products are built to move beyond a single venue or chain and enter markets with real distribution from day one.”
Centrifuge, whose CFG token rallied 60% this week on a Binance listing announcement, currently has a total of $1.33 billion in distributed asset value across its tokenized RWA products, per RWAxyz.
Today’s move comes as tokenized RWAs on chain reached $18.4 billion at end of 2025, with RWA holders growing from 84,000 to 564,000 over the course of the year, per a report from Centrifuge — a trend The Defiant documented in depth as RWAs became Wall Street’s gateway to crypto last year.
Disclaimer: This story has been updated to clarify that LayerZero’s Zero chain has yet to launch.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
