Coinbase taps Centrifuge as preferred tokenization backbone, takes equity stake
CoinDesk
Coinbase has selected Centrifuge as its preferred tokenization infrastructure partner and acquired an equity stake to accelerate the issuance of onchain institutional assets.Summary
Coinbase has announced a strategic partnership with Centrifuge, designating the firm as its preferred infrastructure provider for tokenizing real-world assets (RWA). As part of the deal, Coinbase has made an equity investment in Centrifuge to support the issuance of tokenized ETFs, credit, and structured products on its Base ecosystem. This move aims to facilitate institutional asset managers in bringing financial products onchain. Centrifuge, which currently holds over $1.6 billion in total value locked, will provide the technical backbone for these assets, complementing Coinbase's broader initiative to integrate traditional capital markets with blockchain technology.
(Source：CoinDesk)