PANews reported on May 5th that, according to The Block, Coinbase announced a "seven-figure dollar" strategic investment in tokenization infrastructure company Centrifuge and designated it as a major Reality Asset (RWA) tokenization partner for its Base ecosystem.

Under the cooperation agreement, Centrifuge will become the core infrastructure provider for on-chaining traditional financial assets such as ETFs, credit funds, and structured products on the Base chain. It will be responsible for asset tokenization, structure design, yield APIs, and compliance tools, and will connect to DeFi protocols to expand liquidity. Both parties stated that their long-term goal is to promote the on-chaining of more financial assets, including stocks and potential Coinbase equity (COIN), and to build a scalable on-chain financial market system by combining exchange distribution capabilities with the RWA infrastructure.