CFG at the moment is over 18%
Coinbase has entered into a strategic partnership with Centrifuge, designating the platform as the primary tokenization provider for the Base blockchain. At the same time, Coinbase made another investment in the startup; the deal amount remains undisclosed.
Centrifuge will facilitate the issuance of tokenized assets on Base: ETFs, credit funds, structured products, and other RWA. The platform provides a full-stack solutionāincluding tokenization infrastructure, compliance tools, and integrations with DeFi protocols.
The parties have been collaborating since 2022: Coinbase Ventures participated in a $4 million funding round, and in April 2024, it took part in a Series A round worth $15 million. Last year, Centrifuge launched the first licensed online index fund based on the S&P 500 (SPXA) on Base.