Coinbase and Centrifuge are collaborating to accelerate tokenization and onchain finance

Coinbase has designated Centrifuge as a Preferred Tokenization Infrastructure platform in addition to making a strategic investment in Centrifuge. Centrifuge has been a pioneer in tokenization and continues to bring institutional-grade, compliant, and useful assets onchain. 

Centrifuge brings years of experience tokenizing complex institutional assets for clients including Apollo, Janus Henderson, and S&P Dow Jones Indices. Coinbase brings trusted consumer access, institutional relationships, and developer reach.

The next phase of tokenized asset growth will be defined by distribution, utility, and trust. Centrifuge will build on Base’s neutral infrastructure to bring institutional, compliant and useful assets onchain, accelerating Coinbase’s mission to increase economic freedom.

“High-quality assets are beginning to move onchain, but access and utility remain constrained,” said Shan Aggarwal, Chief Business Officer at Coinbase. “Centrifuge has a strong track record in institutional tokenization, and this collaboration supports Coinbase’s roadmap to expand access to differentiated assets on Base for eligible non-U.S. users.”

The tokenized asset market has crossed $25 billion. Yet the vast majority of those assets remain locked, accessible only to permissioned wallets, confined to single-chain environments, and unable to interact natively through the DeFi ecosystem where capital actually lives.

“What matters now isn’t getting assets onchain, it’s getting the right assets onchain in the right way,” said Bhaji Illuminati, CEO of Centrifuge Labs. “Aligning neutral infrastructure with wide access is designed to improve how tokenized markets are built and scaled.”

Centrifuge’s tokenization service enables institutions, such as asset managers, credit originators, fintechs, and DeFi protocols, to launch vaults without building infrastructure from scratch. The Centrifuge stack covers tokenization, asset management, and onchain composability, abstracting complexity while maintaining institutional standards.

"We view Coinbase as a long-term partner in bringing institutional capital onchain,” said Anil Sood, CSO and CGO of Centrifuge Labs. “With Coinbase's institutional credibility and Centrifuge's tokenization infrastructure we’re establishing the foundation for high-quality assets to scale with credibility and compliance.”

Centrifuge recently launched deRWAs on Base, a framework for issuing tokenized assets that can be used in DeFi by eligible non-U.S. users where permitted by applicable law. The deRWA launch on Base starts with deSPXA, a tokenized exposure to the Anemoy S&P 500 fund (SPXA), built in partnership with S&P Dow Jones Indices, the global standard in financial benchmarking, and managed by Janus Henderson, one of the world's leading institutional asset managers.

deSPXA marks a structural shift in how tokenized assets are brought onchain and used for the first time, exposure to an equity index fund are liquid and tradeable 24/7, unlocking novel DeFi use cases.

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Disclaimer: deSPXA and related products are offered only outside the United States to non‑U.S. persons in reliance on Regulation S under the U.S. Securities Act of 1933 and are not available to U.S. persons or in any jurisdiction where such offering would be unlawful. 

Coinbase, including Base, provides neutral blockchain infrastructure only and is not the issuer, investment adviser, broker, dealer, underwriter, promoter, distributor, or transfer agent for deSPXA or any related tokens, nor does it act as an exchange or clearing agency for transactions in such tokens.

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