Tinlake Review 2026: Real-World Asset Pools on Centrifuge

Tinlake is a dApp built on Centrifuge that lets investors fund pools of real-world assets, mainly invoices, with the pools deployed on Ethereum. Sources describe it as an open marketplace where asset originators upload loans and investors choose which pool to fund. The project has since been rebranded to the Centrifuge App.

according to public reporting, the pools were structured in tranches represented by Tin and Drop tokens, and certain pools paid rewards in CFG, the project's token. A 2022 governance forum post notes that the newer app runs on the Centrifuge Chain and serves both investors and issuers, which is a different setup from the original Ethereum version.

The project does not publish total value locked, current pool counts or user numbers for Tinlake. The sources reviewed describe the product and its design but not its current scale or activity.

Tinlake connects investors with businesses that need funding against assets such as invoices. An asset originator packages loans into a pool, sets the price and risk of the pool, and uploads it to the marketplace. Investors then provide stablecoin-type funds to the pool through smart contracts on Ethereum.

The pool is split into tranches. Investors who take the junior position accept more risk in exchange for a higher potential return, while senior investors are paid first from repayments. In Tinlake's design this split is represented by the Tin and Drop tokens.

As borrowers repay the underlying loans, the returns flow back to the tranche holders. Some pools also paid rewards in CFG, which the project set through governance proposals. Because the underlying assets exist off chain, the smart contracts can only track repayments and balances, not verify every invoice on their own.

The project does not publish a fee schedule for Tinlake or the Centrifuge App. Fee terms, if any, would normally appear in the app or in individual pool documentation, so users should look there before committing funds.

Tinlake's smart contracts were listed with two audits in public listing data. The project does not name the auditors or link to specific audit reports, so readers should look for those reports directly before relying on them.

The main risks are counterparty and credit risk. The contracts can record repayments, but the underlying invoices and borrowers sit outside the chain. If an originator fails to pay, investors can lose part or all of their funds, and a junior tranche takes losses first. The sources do not describe a loss-handling or insurance scheme.

The project does not state the licensing position or regulatory status of Tinlake or Centrifuge. Investing in tokenized loans can be restricted in some countries. Check that this type of activity is legal where you live, and only invest money you can afford to lose.

Tinlake is for experienced crypto users who understand credit risk and want to learn how tokenized invoice financing works. It is less suited to people looking for a simple, low-risk savings product or a clear fee schedule.