Cryptocurrency exchange Coinbase is deepening its strategy to move real-world assets onto the blockchain.
The company partnered with Centrifuge, a company active in the tokenization space, made a “seven-figure” investment in the startup and selected its platform as the primary tokenization partner for the Base network.
Altcoins related to centrifuges $CFG After its development, it experienced a sharp rise. At the time of writing, $CFG It has increased in value by 10% in the last 24 hours.
Centrifuge will now be the core infrastructure provider for the Base network developed by Coinbase, allowing exchange-traded funds (ETFs), loan funds, structured products, and other real-world assets (RWA) to be traded on the blockchain.
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Base DeFi Director Zachary Frey said that after a comprehensive evaluation process, Centrifuge stood out due to its scalable infrastructure, enterprise-focused approach, and long-term vision. Financial details of the deal were not disclosed, but Centrifuge CEO Bhaji Illuminati said Coinbase has historically made strong investments in projects that align with its long-term vision.
As part of the partnership, Centrifuge will provide end-to-end infrastructure offering tokenization tools, asset structuring solutions, revenue APIs, compliance systems, and integrations with DeFi protocols. It aims to abstract complex processes while maintaining institutional standards. Anil Sood, CSO and CGO at Centrifuge, said the integration with Coinbase’s extensive distribution network enables reliable and compliant scaling of high-quality assets.
*This is not investment advice.
