Coinbase has selected Centrifuge as its preferred tokenization infrastructure and made a strategic investment in the firm, the companies announced Tuesday.
Centrifuge will serve as the default issuance layer for tokenized assets across Coinbase's ecosystem, including on Base. The first wave of institutional assets is expected in the coming weeks.
The push covers tokenized ETFs, credit, and structured products. Coinbase also recently tapped Superstate and Apex Group for similar tokenization efforts.
Centrifuge powers onchain strategies for Apollo, Janus Henderson, and S&P Dow Jones Indices. It has $1.66 billion in total value locked, up from $1 billion in mid-2025.
The broader tokenized real-world asset market now stands at roughly $27 billion, with treasuries and fixed income accounting for about $16 billion. Leaders include Securitize, Ondo Finance, Tether, and Circle.