Coinbase has invested a seven-figure sum in Centrifuge and established it as a core partner for Base Tokenization.

BlockBeats News, May 5th, Coinbase announced a "seven-figure" strategic investment in Centrifuge, selecting it as the primary asset tokenization platform for its Base chain.

Under the partnership, Centrifuge will become the core infrastructure for issuing tokenized assets on Base, supporting on-chain trading of real-world assets (RWA) such as ETFs, credit funds, and structured products. The two parties have previously collaborated, including launching the first compliant on-chain S&P 500 index fund on Base.

Coinbase stated that the choice of Centrifuge was based on its institutional-grade infrastructure, compliance capabilities, and scalability. The platform offers a complete solution ranging from asset structuring, tokenization tools, to yield interfaces, and compliance support.

This collaboration is seen as an important step in Coinbase's asset tokenization strategy, with potential future expansion to include more high-liquidity traditional financial assets.