Coinbase Makes Seven-Figure Investment in Centrifuge, Names It Base’s Tokenization Partner

According to The Block, Centrifuge will serve as Base’s main RWA tokenization partner, supporting tokenized ETFs, credit funds, and structured products as Coinbase expands its onchain asset strategy.

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Summary

Coinbase announced a seven-figure strategic investment in Centrifuge and named it Base’s main tokenization partner, deepening its push into blockchain-based financial assets. According to The Block, Centrifuge will provide infrastructure for tokenized ETFs, credit funds, and structured products on Base. The long-term goal includes bringing more financial assets on-chain, including stocks and potentially COIN equity.

Terms & Concepts
  • RWA tokenization: The process of converting real-world assets into blockchain-based tokens so they can be issued, tracked, and transferred onchain.
  • Base: Coinbase’s Ethereum layer-2 network, designed to support onchain applications and blockchain-based financial activity.
  • On-chain: Activity or assets recorded directly on a blockchain, allowing transactions and ownership data to be managed through the network.