Coinbase Ventures has made a move, investing in the RWA credit protocol Multipli through the Base Ecosystem Fund, though the amount remains undisclosed.
Notably, this isn't the first time Multipli has secured backing from top-tier capital. Previously, it raised $20 million led by Pantera Capital, with follow-ons from Spartan Group and Sequoia. With Coinbase joining the ranks, the lineup is quite impressive.
Multipli operates at the yield and collateral infrastructure layer, bringing real-world assets like gold, stocks, and stablecoins onto the chain, generating yields while providing low-cost credit channels.
My take: The narrative core for the RWA sector this year is shifting from "tokenization" itself to "what can be done after tokenization". Protocols that can generate yields, provide collateral, and expand credit scenarios will truly capture liquidity. Coinbase's choice to bet on this infrastructure within the Base ecosystem is clear—bringing the cash flows of traditional assets into on-chain DeFi.
Next, we need to keep an eye on Multipli's TVL growth and whether it can support the actual usage of RWA credit on Base.
#RWA #CoinbaseVentures #Base
Notably, this isn't the first time Multipli has secured backing from top-tier capital. Previously, it raised $20 million led by Pantera Capital, with follow-ons from Spartan Group and Sequoia. With Coinbase joining the ranks, the lineup is quite impressive.
Multipli operates at the yield and collateral infrastructure layer, bringing real-world assets like gold, stocks, and stablecoins onto the chain, generating yields while providing low-cost credit channels.
My take: The narrative core for the RWA sector this year is shifting from "tokenization" itself to "what can be done after tokenization". Protocols that can generate yields, provide collateral, and expand credit scenarios will truly capture liquidity. Coinbase's choice to bet on this infrastructure within the Base ecosystem is clear—bringing the cash flows of traditional assets into on-chain DeFi.
Next, we need to keep an eye on Multipli's TVL growth and whether it can support the actual usage of RWA credit on Base.
#RWA #CoinbaseVentures #Base