Centrifuge launches on-chain fund management platform for efficient operation of investments
Quick Take
- Centrifuge’s new platform connects on-chain and off-chain investment portfolio data for fund managers.
- Web3 asset manager Anemoy has already adopted the new service to manage its fund with Trident Trust.
Centrifuge announced today that it has launched its on-chain fund management platform, which will import credit funds on public blockchains to provide a more frictionless way of fund management.
The press release said the new platform will gather a fund’s on-chain and off-chain investment positions, transactions and operations data in a secure environment for fund managers.
“With Centrifuge, managers now have a unified on-chain product that connects all service providers and data into a central control panel to automate reporting, streamline fund operations, and improve transparency for investors,” the press release said.
Centrifuge said in the release that Web3 asset manager Anemoy has already adopted the new platform, integrated with Trident Trust to manage their BVI professional fund built on Centrifuge.
“[The new platform] increases transparency while streamlining typically burdensome reporting and reconciliation processes,” said David Mungall, Trident Trust’s head of fund administration.
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