The Rollup Bhaji Illuminati on How Centrifuge Became Coinbase's Tokenization Partner
May 9, 2026
Bhaji Illuminati, CEO of Centrifuge — builder of on-chain real-world asset tokenization — talks about Coinbase picking Centrifuge as a tokenization partner. He covers tokenized treasuries and AAA CLOs. He explains instant NAV and liquidity facilities. He outlines Base partnership, freely tradable RWA tokens, DeFi composability, and plans to scale to multibillion-dollar programs.
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Coinbase Chooses Centrifuge For Tokenization
- Coinbase selected Centrifuge as a preferred tokenization infrastructure to integrate RWAs into DeFi.
- Centrifuge has been an early Base supporter and will collaborate with Coinbase to make tokenized assets usable and composable on-chain.
T‑Bills Plus AAA CLOs Solve On‑Chain Liquidity And Yield
- On-chain demand focuses on deeply liquid, short-duration products like T-bills and AAA CLOs for stablecoin reserve management.
- Centrifuge pairs T-bills (liquidity) with AAA CLOs (yield) and is moving T-bill NAV to iNAV for real-time atomic protocol use.
Enable Instant Redemptions With iNAV And Liquidity Lines
- Improve on-chain money market UX by offering iNAV and large liquidity facilities to enable instant redemptions and institutional distribution.
- Centrifuge is adding an industry‑scale liquidity facility and switching to instantaneous NAV to support atomic protocols.