Coinbase taps Centrifuge as preferred tokenization backbone, takes equity stake

The partnership includes a strategic investment by Coinbase and is focused on expanding tokenized ETFs, credit, and structured products. 

Coinbase said Tuesday it had chosen Centrifuge as its preferred tokenization infrastructure and made a strategic investment in the firm.

Under the deal, Centrifuge is positioned to serve a larger role for tokenized assets across Coinbase's ecosystem…