Centrifuge integrates tokenization with DeFi on Base, backed by Coinbase investment
Crypto Briefing
Centrifuge launches decentralized real-world assets on Base, supported by a Coinbase investment and the new S&P 500 tokenized product, deSPXA.Summary
Centrifuge has officially launched its decentralized real-world asset (deRWA) platform on Coinbase’s Layer-2 network, Base. Backed by a multimillion-dollar investment from Coinbase, the platform aims to provide institutional-grade infrastructure for tokenizing assets. Its inaugural product, deSPXA, allows for 24/7 on-chain trading of the S&P 500 index. By utilizing Base, Centrifuge enables these assets to interact with other DeFi protocols, such as lending markets and liquidity pools, while also pursuing multi-chain capabilities through a partnership with LayerZero to increase cross-network interoperability.
(Source：Crypto Briefing)