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DeFi lending platforms run dedicated lending pools and vaults for RWA assets. Allowlisted assets require your users to be registered first, and Passage handles that registration as part of the flow.

Deposit into a tokenized fund

Centrifuge lets users put USDC into deRWA tokens that provide exposure to an institutional fund, such as the Janus Henderson Treasury Fund, and earn the fund’s yield. The user deposits USDC, the fund fills the request on its dealing schedule, and the user claims deRWA tokens such as deJTRSY. Redeeming runs the same way in reverse, back to USDC. Passage runs the eligibility checks, signs each request and claim, and renders the deposit, redeem, and claim screens. Centrifuge assets are available to eligible non-US investors only. See Centrifuge for what users own and Centrifuge Vaults for the build.

Use fund tokens as DeFi collateral

deRWA tokens are built to move into DeFi. Centrifuge’s tokens are integrated with lending protocols including Aave, Morpho, and Sky, so a user who holds deJTRSY, deJAAA, or deHYB can borrow stablecoins against it where those markets are live. Passage covers the deposit and redemption. Borrowing happens on the lending protocol itself.

Build it

Prove wallet ownership

Link a user’s wallet to their CoinList session, and allowlist it for a Superstate offer with authorizeWallet.

Centrifuge Vaults

Deposit into a tokenized fund, claim the tokens, and redeem back to USDC.