Coinbase Names Centrifuge Preferred Tokenization Partner for Base

Overview

• Centrifuge, which Coinbase selected in a Tuesday announcement, will help issue tokenized exchange-traded funds, credit funds and structured products on Base, Coinbase’s blockchain network.
• The companies said the first batch of institutional assets is expected to go live on Base in the coming weeks.
• Coinbase confirmed a strategic investment in Centrifuge with no financial terms disclosed.
• The arrangement creates an issuance path for outside asset managers and is not exclusive, as Coinbase also pursues products through Superstate’s FundOS and Apex Group.
• Centrifuge already supports managers such as Apollo, Janus Henderson and S&P Dow Jones Indices and reports about $1.66 billion in assets locked, as the broader market for tokenized real-world assets totals roughly $27 billion.