Centrifuge is widening the distribution network for its tokenized real-world assets through integrations spanning Coinbase, Kraken Institutional and OKX. The expansion connects Centrifuge’s tokenization infrastructure with exchange, custody and blockchain distribution channels, moving products such as tokenized Treasuries and structured credit closer to platforms already serving institutional and crypto-native users.
The push builds on a growing asset base. Centrifuge’s official documentation says more than $2 billion in real-world assets have been tokenized through its infrastructure. In May, Coinbase designated Centrifuge as a Preferred Tokenization Infrastructure platform and made a strategic investment in the project, giving the protocol another institutional distribution relationship.
Tokenization only becomes valuable when it connects to the infrastructure people already use.
Custody, exchanges, institutional APIs, fintechs, and applications.
Over the past few months:
– @coinbase selected Centrifuge as a Preferred Tokenization Infrastructure
– @KrakenInsto…— Centrifuge (@centrifuge) August 11, 2026
Kraken brings JAAA into qualified custody
Kraken Institutional expanded that reach in June by integrating JAAA into its qualified custody infrastructure. In its official announcement, Kraken identifies JAAA as the tokenized version of Janus Henderson’s AAA CLO strategy. Institutional clients can hold JAAA within the same custody relationship used for other digital assets and potentially deploy it as collateral through Kraken’s institutional services.
The integration matters because custody can be a practical barrier between token issuance and institutional use. Kraken says clients can hold, earn on and deploy supported RWAs without moving assets to another counterparty. For Centrifuge, qualified custody adds an operational rail through which tokenized credit can move beyond issuance and into portfolio management and collateral use.
Centrifuge is also extending distribution through OKX’s X Layer. The two companies said deJTRSY and deJAAA are arriving on the network, providing on-chain exposure to U.S. Treasuries and AAA-rated CLO strategies. The X Layer deployment brings Centrifuge’s freely transferable deRWA assets into an exchange-linked Layer 2 environment, broadening the networks through which users can interact with them.
Distribution becomes central to the tokenization strategy
The technical foundation for that expansion is Centrifuge’s multichain architecture. Its official deployment documentation confirms that the protocol is deployed on networks including Ethereum, Base, Arbitrum, Avalanche, Monad and X Layer. Its hub-and-spoke structure is designed to let asset managers manage tokenized products across multiple chains while maintaining coordinated accounting and controls.
That distribution strategy extends beyond exchanges. Centrifuge has also connected deRWA products with DeFi venues including Morpho and Aerodrome, while integrations with wallet and infrastructure providers broaden potential access. The emphasis is increasingly shifting from simply putting financial assets on-chain toward making those assets usable across custody, trading, lending and settlement environments.
The Coinbase, Kraken and OKX relationships therefore represent different pieces of the same infrastructure buildout rather than identical integrations. Coinbase strengthens Centrifuge’s tokenization positioning, Kraken provides an institutional custody route, and X Layer expands on-chain distribution for tokenized Treasury and credit products. Whether those rails translate into sustained liquidity will ultimately depend on investor demand and actual use of the assets after integration.
Emma Lawson writes about the pressure points where crypto meets the outside world: regulation, exchanges, macro policy, tokenized assets and geopolitical risk. From the US, she follows the decisions and events that can change how capital moves, how platforms operate and how digital assets are treated by institutions.
Her work is direct and evidence-led. Emma is less interested in legal theatre than in practical consequences: what changed, who is affected, which risks are real and where the market may be overreacting. She brings a steady voice to complex stories, especially when regulation, infrastructure and global markets start pulling in the same direction.