Anemoy Taps Chronicle For RWA Oracle On Centrifuge

Chronicle, an oracle solution that recently spun out of Sky (formerly MakerDAO), is expanding into Centrifuge’s real-world asset (RWA) ecosystem.

On Sept. 24, Centrifuge announced it tapped Chronicle to provide real-time price data via a decentralized RWA oracle for Anemoy’s Liquid Treasury Fund (LTF) — a tokenized U.S. treasuries fund operating on Centrifuge Chain.

The oracle allows LTF investors to track the net asset value of the fund’s on-chain and off-chain holdings — including cash movements and assets held with an off-chain custodian — in real-time.

“Bringing the RWA Oracle into our platform enhances the transparency of on-chain assets, giving investors access to verified, real-time data,” said Jeroen Offerijns, CTO of Centrifuge.

“This collaboration is a game-changer for fund transparency,” said Anil Sood, the co-founder of Anemoy. “Investors can now see the exact composition of the Liquid Treasury Fund.”

Other asset managers launching tokenized RWAs on Centrifuge can also leverage Chronicle’s oracle for price data and real-time monitoring of both on-chain and off-chain assets.

Chronicle spun out of Sky in September 2023, launching its product publicly for the first and offering its data services across multiple chains. The project has secured up to $22 billion worth of assets for Sky and continues to provide oracle services to the project.

Chronicle became the first partner of Sky’s Token Rewards partner on Sept. 18, allowing USDS holders to earn Chronicle points.

Centrifuge currently boasts a total value locked (TVL) of $201.5 million across its RWA credit pools. The price of its CFG token is up 6.8% over the past 24 hours, according to The Defiant’s crypto price feeds.

Tokenized treasuries surge

Anemoy launched LTF in August 2023. The fund quickly gained adoption among DeFi protocols as a vehicle for earning yield on treasury reserves. Frax’s governance greenlit a $20 million allocation into LTF in December, Gnosis DAO approved a $10 million outlay to the fund in January, and Celo mobilized $100,000 in March.

The value of on-chain tokenized treasuries has exploded in 2024, buoyed by the launch of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) in March.

BUIDL currently leads the sector with a $522.2 million market cap, followed by Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) with $435 million, and Ondo’s treasury-backed stablecoin, USDY, with $400.1 million, according to Rwa.xyz.

The combined value of on-chain treasuries is now $2.24 billion, up 190% since the start of the year.

On Sept. 3, Anemoy launched its DeFi Yield Fund (DFY), offering diversified exposure to a variety of funds offering market-neutral yield strategies.

Anemoy’s LTF fund has attracted nearly $40 million from investors, while DFY hosts a TVL of $1.02 million.