Coinbase invests a seven-figure sum in Centrifuge and establishes it as a core partner for Base tokenization
According to The Block, Coinbase announced a seven-figure strategic investment in Centrifuge and selected it as the main asset tokenization collaboration platform for its public chain Base.
Under the partnership, Centrifuge will become the core infrastructure for issuing tokenized assets on Base, supporting the on-chain and trading of real-world assets (RWA) including ETFs, credit funds, and structured products. The two parties already have a foundation for collaboration, including the launch of the first compliant on-chain S&P 500 index fund on Base.
Coinbase stated that the choice of Centrifuge is based on its advantages in institutional-grade infrastructure, compliance capabilities, and scalability. The platform provides a complete solution from asset structure design, tokenization tools to yield interfaces and compliance support. This collaboration is seen as an important step for Coinbase to strengthen its asset tokenization strategy, with potential future expansion to more high-liquidity traditional financial assets.
-- Price
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