Coinbase is expanding further into tokenized finance by choosing Centrifuge as its main infrastructure provider for tokenized assets and making a strategic investment in the company.
With this agreement, Centrifuge will take on a bigger role in supporting tokenized products throughout Coinbase’s ecosystem, including projects on the Base blockchain. The companies said the first group of institutional assets should launch on Base in the next few weeks.
This partnership supports Coinbase’s growing plans in tokenized capital markets, such as tokenized credit products, ETFs, and structured financial instruments. The exchange has already been moving quickly into real-world asset tokenization through deals with Superstate and Apex Group.
Centrifuge now supports onchain investment strategies for companies like Apollo Global Management and Janus Henderson. DeFiLlama data shows the platform manages about $1.66 billion in total value locked.
The overall market for tokenized real-world assets has grown quickly and is now estimated at about $27 billion onchain. Tokenized treasuries and fixed-income products make up a big part of this growth.
Centrifuge CEO Bhaji Illuminati said the goal now is not just to put assets onchain, but to make sure the right assets are tokenized in a way that is scalable and compliant.
This announcement came on the same day Coinbase said it would cut 14% of its workforce as part of a bigger AI-driven restructuring.
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