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Coinbase Ventures invests in Multipli, the leading Base RWA protocol managing about $300 million in assets, signaling deeper focus on tokenized credit
Coinbase Ventures has injected fresh capital into Multipli, the real‑world asset and tokenized credit protocol that currently oversees roughly $300 million in assets, reinforcing Coinbase’s push into on‑chain tokenized stocks and credit markets【1】.
| At a glance | |
|---|---|
| Investment | New capital from Coinbase Ventures (amount undisclosed) |
| Assets Managed | ~$300 million (RWA.xyz) |
| Prior Funding | $20 million round led by Pantera Capital |
| Position | Leading RWA protocol on Base by assets under management |
The injection comes through Coinbase’s Base Ecosystem Fund, a vehicle aimed at bolstering infrastructure for tokenized assets, institutional‑grade yield and more efficient credit markets【1】. While the exact size of the new stake was not disclosed, the move aligns with Coinbase’s public emphasis on tokenized stocks as a cornerstone for a future where equities can be owned, traded, held, redeemed and used on‑chain【1】.
Multipli’s protocol enables users and institutions to borrow against tokenized collateral such as gold, stocks and treasuries, promising lower borrowing costs and potentially “10x more efficient” capital flows compared with traditional finance, according to its CTO Bhavesh Praveen【1】. The firm already reports strong interest from large banks and institutional partners, positioning it as a key credit layer for the emerging tokenized‑asset ecosystem.
With approximately $300 million in assets under management, Multipli is the top RWA protocol on Base, a leading L2 scaling solution for Ethereum【1】. This follows a $20 million funding round led by Pantera Capital, with participation from Spartan Group and Sequoia, underscoring sustained investor confidence in the protocol’s credit and yield infrastructure【1】.
Coinbase’s broader strategy reflects a shift toward bringing traditional financial instruments on‑chain. CEO Brian Armstrong has highlighted real‑world asset tokenization—covering real estate, stocks, bonds and funds—as a major upgrade needed for the financial system, a view echoed by the Multipli investment narrative【1】. By backing Multipli, Coinbase is not only expanding its venture portfolio but also deepening its own ecosystem’s capacity to support tokenized securities and on‑chain credit products.
The Coinbase Ventures investment highlights a growing convergence of traditional finance and decentralized infrastructure, with Multipli positioned to become a core conduit for on‑chain credit and yield generation. Whether this partnership accelerates broader tokenized‑asset adoption remains to be seen.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 18, 2026 · How we report
It is a product that connects AI agents to a user's Coinbase account to execute trades, payments, and financial workflows within limits set by the user.
Crypto spot and derivatives trading are enabled at launch, with stocks, index funds, prediction markets, and commodities planned for future rollout.
Coinbase Ventures, via the Base Ecosystem Fund, invested in Multipli, a protocol that tokenizes assets like gold, stocks, and treasuries to provide credit and yield infrastructure.
Analysts have mixed sentiments, with some lowering price targets and rating the stock neutral or sell due to weak trading volumes and regulatory uncertainties.
The stock gained 9.9% over the past week but has fallen 31% over the last six months, trading at a P/E ratio of 59.8.