Centrifuge up 17% after Coinbase partnership: Will CFG break past $0.30?
Centrifuge [$CFG] has gained more than 17% in the past 24 hours, amplifying its multi-week uptrend. The gains over the past seven days have reached 39% with momentum still looking strong. As tokenization gains pace, Centrifuge is positioning itself to be a leader in the real-world asset (RWA) sector, especially after Coinbases investment. Coinbase tokenizing on Base Chain through Centrifuge Centrifuge launched 24/7 trading of the S&P 500 on Base Chain for non-U.S. users. The announcement was made at Consensus 2026 by Base creator Jesse Pollak. This news came after Coinbase invested in the Layer 1 blockchain that specializes in bringing traditional finance on-chain. Centrifuge became Coinbases official tokenization infrastructure partner. The tokenized S&P 500 in Base will trade under the ticker deSPXA. The product was made available in partnership with S&P Dow Jones Indices, managed by Janus Henderson. The tokenized asset market cap is around $30 billion. However, the CEO of Centrifuge, Bhaji Illuminati, believed it would take more than sales to push the TVL of $CFG from $1.5 billion to $10 billion, but it was gradually becoming a possibility. With regard to this partnership, Bhaji said, What matters now isn‘t getting assets onchain, it’s getting the right assets onchain in the right way, A look into Centrifuges