Zivoe Builds on Centrifuge as Tokenization Hits New Highs

Tokenization’s Record Month

Crypto sentiment is down, but the institutions are not slowing down. In the past few weeks alone:

• NYSE parent ICE and OKX formed a joint venture to bring tokenized equities and futures to a base of 120 million users.1
• Atlas Capital unveiled USAFi, a tokenized real-world asset backed by a Nasdaq-listed ETF, with a whitepaper co-authored by longtime crypto skeptic Nouriel Roubini.2
• Canton Network's Digital Asset raised $355M at a roughly $2B valuation, backed by Citadel Securities, HSBC, BNP Paribas, and S&P Global.3
• Robinhood launched the public mainnet of Robinhood Chain, its Arbitrum-based network purpose-built for tokenized real-world assets, with tokenized stock trading live in more than 120 countries.4
• Securitize, the tokenization platform supporting more than $4B in on-chain assets for managers including BlackRock, Apollo, and KKR, went public on the New York Stock Exchange.5
• A consortium of more than 140 companies including Visa, Mastercard, Stripe, and BlackRock announced Open USD (OUSD), a jointly governed stablecoin set to launch later this year.6

Many of the names moving on-chain are no longer crypto-native startups but some of the largest institutions in traditional finance.

Zivoe is part of that shift.

Tokenization's first wave was treasuries and money market funds. Simple, liquid, familiar. The next wave is broader: differentiated real-world assets brought on-chain.

Stablecoins now total roughly $307 billion in supply and keep climbing.7 As that capital base grows, the market needs more ways to connect stablecoins to productive real-world use cases. Private credit is one of the clearest fits: tokenized private credit has already grown past $14 billion in outstanding credit.8

The fit is structural. Stablecoin capital favors strategies that are shorter-duration, cash-flowing, and diversified, and Zivoe connects that capital to assets like merchant cash advance (MCA) receivables: advances to small and mid-sized operating businesses, where repayment is generally tied to business cash flow over relatively short periods.

Zivoe Enters an Agreement with Centrifuge Whitelabel

This month, Zivoe entered into an agreement to bring its private credit strategy onto Centrifuge Whitelabel. Whitelabel is Centrifuge’s platform for launching and operating tokenized products, covering the full lifecycle from issuance and investor onboarding to NAV calculation, redemptions, and multichain distribution. It is the same infrastructure behind on-chain credit strategies from managers including Apollo, Janus Henderson, and New York Life.9,10

As part of the migration, Zivoe expects to begin publishing regular NAV, giving depositors clearer and more consistent visibility into portfolio performance.

Our focus is unchanged: connecting stablecoin capital to short-duration private credit, and giving that capital a productive place to work.

Over the coming months, our priorities are:

• advancing the Centrifuge Whitelabel implementation;
• preparing regular NAV and portfolio reporting;
• continuing conversations with liquidity providers and strategic partners;
• exploring additional private credit strategies; and
• evaluating expansion across additional ecosystems, including Solana and Canton.

We will share more as the migration progresses.

Our view is simple: as stablecoins become core financial infrastructure, that capital will need credible on-chain destinations. Zivoe is building the private credit layer for stablecoin capital.

Get in touch

To explore participating as a liquidity provider or partnering with Zivoe, reach us at [email protected].

Disclaimer: This update is for informational purposes only and does not constitute financial, investment, legal, or tax advice, or an offer to sell or solicitation of an offer to buy any security or investment product. Participation in Zivoe is available only to non-U.S. persons and U.S. accredited investors, subject to applicable laws, offering documents, and eligibility requirements.