BlockBeats news, on May 5, Coinbase announced a seven-figure strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base.
Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the on-chain issuance and trading of real-world assets (RWA), including ETFs, credit funds, and structured products. The two parties have previously collaborated, including the launch of the first compliant on-chain S&P 500 index fund on Base.
Coinbase stated that the selection of Centrifuge is based on its advantages in institutional-grade infrastructure, compliance capabilities, and scalability. The platform offers a comprehensive solution encompassing asset structuring, tokenization tools, yield interfaces, and compliance support.
This partnership is seen as a significant step in Coinbase’s push to expand its asset tokenization strategy, with potential future expansion to additional highly liquid traditional financial assets.