Platform comparison

Libertum vs Centrifuge

Centrifuge is an open-source protocol for tokenized funds, issuing ERC-20 share tokens with ERC-4626 and ERC-7540 vaults across many EVM networks and connecting them to DeFi. Libertum is white-label tokenization software for issuers and asset managers, with published pricing, ERC-3643 permissioned tokens, Cardano and XRP Ledger support, and an El Salvador DASP licence.

Last updated:

This comparison is based on public information on each company’s own website as of 16 October 2026. Features, pricing and regulatory status change, so check with each provider directly. “Not publicly stated” means we did not find the information on that company’s public website on that date. Corrections are welcome via the contact form on this site. Trademarks belong to their respective owners. This page is not investment or legal advice.

Where Libertum stands out vs Centrifuge

Centrifuge is an open-source protocol for tokenized funds in which investors invest from their own wallets and each product remains its manager’s responsibility. Libertum adds regulated entities, platform custodian wallets, sponsored gas at checkout and capital-raising tools under your own brand.

Regulated & licensed

Regulated entities in El Salvador, the United States and the UAE

Libertum, S.A. de C.V. is registered with El Salvador’s National Digital Assets Commission (CNAD) as a Digital Asset Service Provider: registry entry PSAD-0094, granted 31 August 2026 under resolution CNAD-CD-477-2026, for the services in Art. 19 (a), (d) and (f) 1–2 of the Digital Assets Issuance Law — custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, with RLUSD custody approved. It is a CNAD-supervised entity that reports quarterly, and the registration covers these services in El Salvador. It is also registered as a Bitcoin Service Provider (7 October 2024).

Libertum LLC is registered with FinCEN as a Money Services Business (no. 31000312444528, effective 8 October 2025), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence for real estate. These registrations do not authorise Libertum to issue securities: each issuer remains responsible, with its own counsel, for its offering.

Centrifuge does not state a licence on the pages we reviewed; its documentation says each product remains the responsibility of its manager.

  • El Salvador

    Libertum, S.A. de C.V.

    Digital Asset Service Provider

    Comisión Nacional de Activos Digitales (CNAD)

    Registry entry no.: PSAD-0094 31 August 2026

  • El Salvador

    Libertum, S.A. de C.V.

    Bitcoin Service Provider

    Gobierno de El Salvador

    Registration code: 66ff15fce8a00a3181b8f26d 7 October 2024

  • United States

    Libertum LLC

    Money Services Business registration

    Financial Crimes Enforcement Network (FinCEN)

    MSB registration no.: 31000312444528 8 October 2025

  • Dubai, UAE

    Al Xolame Assets Real Estate L.L.C

    Commercial licence — real estate

    Dubai Department of Economy and Tourism

    Commercial licence no.: 1374511

See our licences and registrations

  • Built-in custodian wallets

    Platform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), so no third-party wallet is needed to invest. Centrifuge’s documentation states that investors invest from their own wallets.

    Custodian Wallet

  • Investors pay no network fees at checkout

    When an investor pays from the custodian balance, gas is sponsored and billed to the offering’s issuer. Investors are never charged network fees for XRP Ledger transactions.

    How checkout works

  • Payment methods and currencies

    Investors pay by card, bank wire, USDC or USDT on EVM, RLUSD or USDC on the XRP Ledger, or from their custodian balance. Card and wire payments settle in USD, EUR or GBP, chosen per offering.

    Investor guide

  • Structuring module

    Offering-pack drafting software for issuers, with jurisdiction packs for the Cayman Islands (CIMA, published) and, in Beta pending counsel review, El Salvador (CNAD), the US (SEC Reg D / Reg S) and the EU (MiCA). Drafts are for review by your own counsel; it is not legal advice.

    Structuring

  • Distribution Hub to raise capital

    An investor CRM and pipeline for your raise — contacts, organisations, campaigns and introductions — with optional Libby AI investor discovery, enrichment and matching. Centrifuge states multi-chain distribution and DeFi integrations; a CRM is not publicly stated.

    Distribution Hub

  • Co-listing across Libertum marketplaces

    Through the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering. Once a host accepts, that platform’s investors can invest through the same token and cap table — more reach without a second issuance. Centrifuge distributes across chains and DeFi; co-listing on partner marketplaces is not publicly stated.

    Ecosystem Directory demo

  • Penetration tested and audited by Hashlock

    Independently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report.

    Security at Libertum

  • Multiple jurisdictions, networks and currencies

    Regulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, the US, the EU and the Cayman Islands; tokens live on Base, Ethereum, Polygon, Arbitrum, Cardano and the XRP Ledger. Centrifuge lists 11 mainnet networks on its deployments page.

    Token standards and networks

What is Centrifuge?

Centrifuge describes itself as open infrastructure for on-chain asset management. Its documentation describes the Centrifuge Protocol as open-source and built on immutable smart contracts, using a hub-and-spoke model: one hub chain handles management, accounting, pricing and NAV, while spoke chains issue ERC-20 share tokens and ERC-4626 or ERC-7540 vaults. Share tokens can carry transfer hooks for compliance and restrictions, and cross-chain transfers use burn-and-mint.

Managers operate products through a Management app, investors invest from their own wallets, and curators manage on-chain allocation. Its documentation states that each product remains the responsibility of its manager, and lists DeFi integrations such as Sky, Aave and Morpho. The protocol overview says it is live on 12 blockchains; the deployments page names 11 mainnet networks.

What is Libertum?

Libertum is a tokenization software company. Its platform, T-Suite, lets issuers and asset managers create, offer and manage tokens on EVM networks, Cardano and the XRP Ledger, under their own brand on the plans that include the white-label platform.

Optional add-ons cover investor distribution (Distribution Hub and Libby AI), document preparation (Structuring, Beta), fund administration software (Funds) and stablecoins (Stablecoin Studio). Pricing is published on the plan page, which is authoritative.

Libertum, S.A. de C.V. holds an El Salvador Digital Asset Service Provider (DASP) licence from the CNAD, registry entry PSAD-0094. It covers custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders, has effect in El Salvador only, and does not authorise issuance. Libertum is not a broker-dealer, an alternative trading system or a transfer agent of record. Every offering also receives a publicly verifiable Smart Contract Certificate, which is Libertum’s own technology certificate, not a regulatory approval.

Libertum vs Centrifuge: feature comparison

Based on each company's public website, checked 16 October 2026.
FeatureLibertumCentrifuge
Token standards ERC-3643, ERC-20, ERC-721 (EVM); CIP-113, CIP-20 (Cardano); XRPL issued currencies and XLS-33 MPT (token standards) ERC-20 share tokens; ERC-4626, ERC-7540 and ERC-7575 vaults
Networks (mainnet) ERC-3643 on Base, Ethereum, Polygon and Arbitrum; ERC-20 on Base and Ethereum; ERC-721 on Base; Cardano mainnet; XRP Ledger Ethereum, Base, Arbitrum, Avalanche, Plume, BNB Smart Chain, Optimism, HyperEVM, Monad, Pharos and X Layer (per its deployments page)
Compliance model Enforced on-chain with ERC-3643, CIP-113, XRPL issued currencies with authorised trust lines and XLS-33 MPT with authorisation. ERC-20, ERC-721, CIP-20 and plain XRPL issued currencies do not enforce compliance in the token Transfer hooks on share tokens for compliance and restrictions; managers control investor access and permissions
White-label Own brand and custom domain, included with Issuer Starter, Issuer Growth, AM Starter, AM Pro and Enterprise (white-label) Turnkey white-label not publicly stated; docs describe an SDK and API to build your own frontend
Licences / regulatory status Libertum, S.A. de C.V. holds an El Salvador DASP licence from the CNAD (PSAD-0094) for custody, exchange and transfer of USDT and USDC and receipt and transmission of client orders. El Salvador only; it does not authorise issuance (licences). Libertum LLC is registered with FinCEN as a Money Services Business (31000312444528, US), and Al Xolame Assets Real Estate L.L.C holds a Dubai commercial licence (real estate). Not publicly stated
Pricing transparency Published: plans from $299 to $999 a month, Pay Per Listing $499 per listing, distribution fee 1% of capital raised (min. USD 5, charged to the issuer) (plans) Not publicly stated
Secondary trading P2P order book, live on Base mainnet only Liquidity and secondary markets through DeFi integrations; no own order book stated
Fund tooling Funds add-on ($1,000 a month, access by request): software for fund administrators (on-chain NAV packs, dealing, reconciliation). The administrator remains NAV calculation agent and transfer agent Pre-built modules for tokenization, NAV, investor management and multi-chain distribution; on-chain double-entry accounting
Investor distribution / CRM Distribution Hub investor CRM ($149 a month); Libby AI ($349 a month, requires the Hub) Multi-chain distribution and DeFi integrations; CRM not publicly stated
Token import / migration Token Import: every import starts read-only (Mirror); EVM tokens can move to Operate after the issuer grants roles. Cardano and XRPL imports are read-only Not publicly stated
In-platform custodian wallet Yes — built-in custodian wallets for investors and issuers on EVM, Cardano and XRPL, enabled per deployment (Custodian Wallet) Investors invest from their own wallets (per its docs)
Gas sponsored for investors Yes — investors pay no network fees at custodian checkout (billed to the issuer); never charged gas on XRPL not publicly stated on the pages we reviewed
Payment methods & currencies Card, bank wire, USDC/USDT on EVM, RLUSD/USDC on XRPL, or custodian balance; card and wire settle in USD, EUR or GBP, chosen per offering not publicly stated on the pages we reviewed
Structuring module Yes — Structuring add-on: drafting software with packs for the Cayman Islands (published) and, in Beta, El Salvador, US (Reg D / Reg S) and EU (MiCA); drafts for your own counsel (Structuring) not publicly stated on the pages we reviewed
Co-listing across platforms Yes — Ecosystem Directory: an approved offering can be hosted on other Libertum-powered marketplaces, with the host’s approval Distribution across chains and DeFi; co-listing on partner marketplaces not publicly stated
Security Hashlock penetration test: rated ‘Secure’ (Oct 2025); smart contracts audited by Hashlock (audits) (security) not publicly stated on the pages we reviewed
Jurisdictions Regulated entities in El Salvador, the US and the UAE; structuring packs for El Salvador, US, EU and Cayman Islands; mainnets: Base, Ethereum, Polygon, Arbitrum, Cardano, XRP Ledger 11 EVM mainnets per its deployments page; jurisdictions not publicly stated

Centrifuge focuses on fund products and DeFi composability; Libertum focuses on a branded issuance platform with permissioned tokens across three ledger families.

Which should you choose?

Centrifuge and Libertum both serve asset managers but take different approaches to standards, distribution and the investor experience.

  • Centrifuge is likely the better fit if you are launching a tokenized fund that should plug into DeFi protocols through ERC-4626/ERC-7540 vaults, or need a broad set of EVM networks.
  • Centrifuge is also likely the better fit if you want an open-source, immutable protocol core with on-chain accounting, and plan to build your own frontend with its SDK.
  • Libertum is likely the better fit if you want ERC-3643 permissioned tokens with identity-based compliance, a ready-made platform under your own brand and domain, and published pricing.
  • Libertum is likely the better fit if you need Cardano or XRP Ledger issuance, an investor CRM, or fund-administrator software in which the administrator stays NAV calculation agent and transfer agent (Funds).

Can I move an existing token to Libertum?

Libertum’s Token Import brings an existing token into T-Suite. On supported EVM networks it accepts ERC-3643, ERC-20 and ERC-721 tokens; Cardano and XRP Ledger tokens can be imported read-only. Every import starts as Mirror: a read-only cap table and history, with no ability to move, mint or freeze anything. For an EVM token, the issuer can then move to Operate by granting Libertum the roles shown in the app, or by handing control to their organisation’s custodian wallet. Whether a specific token qualifies depends on its contract and network, so we check it with you first.

Centrifuge share tokens are ERC-20 according to its documentation. A share token on a network Libertum supports may be importable, but Centrifuge vaults, hub accounting and cross-chain logic would not come with it, and eligibility depends on the specific contract.

Watch: importing an existing token

A short T-Suite demo of Token Import: the token arrives read-only as Mirror, and an EVM token can then move to Operate.

Transcript: Token Import demo

Already issued a token elsewhere? Bring it with you.

Switching platforms usually means a migration, a re-issue and a holder spreadsheet.

Imported tokens lists everything you've brought in, on EVM chains and the XRP Ledger.

Pick the network, paste the contract, and Libertum reads the standard, name and supply from the chain.

Prove control: your on-chain role is found, you sign one message, and nothing on the contract changes.

Name the offering and import it.

The history is rebuilt from the chain and checked against it. The cap table is live.

Every transfer is in the journal, with pre-import entries marked external.

Investors claim their holdings: Anna signs once from her wallet, and her tokens never move.

The holding appears in her statements, read from the chain.

Your contracts stay yours. Libertum starts read-only and lists the roles to grant.

On EVM, grant them from your wallet and the token moves to Operate: issue, freeze, register identities, list for sale.

XRP Ledger and Cardano tokens import read-only, and history that can't be rebuilt is flagged.

For issuers and fund administrators: bring your tokens, and run them in one place. Book a demo at libertum.io.

Related

Frequently asked questions

Is Centrifuge a white-label platform like Libertum?

Centrifuge’s documentation describes a Management app plus an SDK and API to build your own frontend; it does not describe a turnkey white-label. Libertum’s white-label platform, with your own brand and custom domain, is included in its Issuer, AM and Enterprise plans.

Which token standards does each use?

Centrifuge issues ERC-20 share tokens with ERC-4626, ERC-7540 and ERC-7575 vaults. Libertum issues ERC-3643, ERC-20 and ERC-721 on EVM networks, CIP-113 and CIP-20 on Cardano, and issued currencies and XLS-33 MPTs on the XRP Ledger.

Which is better for tokenized funds?

It depends on the role. Centrifuge offers fund operations (NAV, accounting, vaults) at protocol level for managers. Libertum Funds is software for fund administrators, who remain NAV calculation agent and transfer agent; Libertum is not the administrator.

Does either publish pricing?

Libertum publishes its plans and fees on its plan page. Centrifuge does not state pricing on its public website.

Which offers built-in investor wallets and sponsored gas, Libertum or Centrifuge?

Libertum includes platform-managed custodian wallets for investors and issuers on EVM networks, Cardano and the XRP Ledger (enabled per deployment), and investors pay no network fees at custodian checkout: gas is sponsored and billed to the offering’s issuer. Centrifuge’s documentation states that investors invest from their own wallets. Built-in investor wallets and sponsored gas are otherwise not publicly stated on the pages we reviewed.

Can I reach investors on other platforms with Libertum?

Yes. Through the Ecosystem Directory, an issuer can ask other Libertum-powered marketplaces to host its approved offering; once a host accepts, that platform’s investors can invest through the same token and cap table. Distribution Hub and Libby AI add an investor CRM and AI investor discovery.

Has Libertum's platform been independently security tested?

Independently penetration tested and audited by Hashlock — rated ‘Secure’ (Oct 2025 blackbox penetration test of the T-Suite web applications; no critical or high-severity findings), plus Hashlock smart-contract audits. See the audits and the penetration-test report. More on our security page.

Sources

Last checked:

  1. Centrifuge: homepage — Open infrastructure for on-chain asset management; self-serve or white-glove; DeFi liquidity and secondary-market access
  2. Centrifuge Docs: Welcome — Pre-built modules for tokenization, NAV, investor management, multi-chain distribution; SDK/API to customise your own frontend; ERC-4626/ERC-7540; DeFi integrations
  3. Centrifuge Docs: Protocol overview — Open-source, immutable core; hub-and-spoke; ERC-20 share tokens; ERC-4626/7540/7575; transfer hooks for compliance; on-chain accounting; live on 12 blockchains
  4. Centrifuge Docs: Deployments — Mainnet deployments: Ethereum, Base, Arbitrum, Avalanche, Plume, BNB Smart Chain, Optimism, HyperEVM, Monad, Pharos, X Layer
  5. Centrifuge Docs: User overview — Manager, investor and curator roles; each product remains the responsibility of its manager
  6. Libertum docs: Licences — DASP licence PSAD-0094 scope and limits; Smart Contract Certificates
  7. Libertum docs: Plans and pricing — Libertum plans, add-ons, transaction fees and white-label inclusion
  8. Libertum docs: Token standards — Libertum token standards and on-chain compliance
  9. Libertum docs: Issuer guide (Token Import) — Token Import Mirror and Operate tiers
  10. Libertum docs: Investor guide (secondary market) — P2P order book is the live secondary-market model
  11. Libertum docs: Funds — Funds is software for administrators; the administrator remains NAV calculation agent and transfer agent
  12. Libertum docs: Distribution Hub — Distribution Hub investor CRM
  13. Libertum: Licences and registrations — Regulated entities, registry numbers and scope (El Salvador, US, UAE)
  14. Libertum docs: Custodian Wallet — Custodian wallets on EVM, Cardano and XRPL; sponsored gas at custodian checkout; payment methods
  15. Libertum docs: Structuring — Jurisdiction packs and Beta status; drafting software, not legal advice
  16. Libertum docs: Whitelabel Platform (Ecosystem Directory) — Hosting offerings on other tenants' marketplaces
  17. Hashlock: Libertum audits — Hashlock's audits and tests for Libertum
  18. Hashlock: blackbox penetration-test report — Oct 2025 test; T-Suite web applications; rated 'Secure'
  19. Hashlock: Libertum smart-contract audit report
  20. Hashlock: Libertum bonding smart-contract audit report

See how Libertum fits your assets

Walk through T-Suite with our team and compare it with Centrifuge against your own requirements.

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