Coinbase Backs Centrifuge Tokenization Rollout on Base

Centrifuge launched deSPXA on Coinbase’s Base Layer-2, a tokenized S&P 500 product enabling 24/7 on-chain trading and integration with DeFi lending, liquidity pools and yield strategies. Coinbase provided multimillion-dollar backing for the rollout, bolstering institutional credibility and supporting broader on-chain asset issuance. Base’s lower fees and >$1.5bn TVL make it a cost-effective venue for high-frequency tokenized trading, while LayerZero integration enables multi-chain transfers of tokenized RWAs. Market impact: expanded accessibility and continuous trading of S&P exposure could draw new liquidity from crypto-native and institutional participants into tokenized equity products and DeFi markets, potentially increasing demand for instruments tracking the S&P 500 and accelerating RWA tokenization adoption.