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

Under the partnership, Centrifuge will become the core infrastructure for issuing tokenized assets on Base, supporting the 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 is due to its advantages in institutional-grade infrastructure, compliance capabilities, and scalability. The platform offers a complete solution from asset structuring and tokenization tools to yield interfaces and compliance support.

This partnership is seen as an important step for Coinbase to strengthen its asset tokenization strategy, with potential future expansion to include more high-liquidity traditional financial assets.