TLDR
- Centrifuge’s CFG token sees $1.1B TVL growth driven by institutional adoption.
- TROLL token surged 50% in market cap, reflecting meme coin demand.
- Coinbase requires manual WCFG-to-CFG migration to ensure user control.
- Tokenized RWAs like CFG could reach $18 trillion by 2033, per market projections.
Coinbase is expanding its digital asset portfolio by adding Centrifuge’s CFG token and the Solana-based meme token, TROLL. This move marks the exchange’s effort to bridge traditional finance and blockchain ecosystems. By listing both tokenized real-world assets (RWAs) and speculative meme coins, Coinbase seeks to diversify its offerings and cater to different segments of the cryptocurrency market.
Centrifuge’s CFG Token Gains Institutional Momentum
Centrifuge’s CFG token has become a key player in the growing tokenized RWA sector. With the platform’s total value locked (TVL) surpassing $1.1 billion, Centrifuge is gaining attention for its integration of traditional finance assets such as U.S. Treasuries and private credit into the blockchain space. Institutional investors are turning to tokenized assets for higher yields compared to traditional, low-risk assets like Treasury bills.
CEO Bhaji Illuminati explained that Centrifuge is increasingly positioning itself to meet the demands of these institutional investors. The platform is also set to launch a tokenized S&P 500 product, which could further attract institutional adoption.
Additionally, Centrifuge’s deRWA initiative aims to bring tokenized real-world assets to retail investors through major exchanges and decentralized finance (DeFi) protocols. This further strengthens Centrifuge’s role in the RWA ecosystem.
TROLL: Coinbase’s Entry into the Meme Coin Market
Coinbase’s addition of TROLL is a clear move to engage with the growing demand for meme tokens. TROLL, a Solana-based token, has witnessed notable volatility, with its market capitalization increasing by 50% within minutes in early September 2025. This surge highlights the speculative nature of meme coins, which are often driven by social media trends and community hype.
Solana’s fast transaction speeds and low fees position TROLL as an attractive option in the competitive meme coin market. Though meme tokens are inherently speculative, Coinbase’s listing of TROLL indicates a broader strategy to cater to diverse investor preferences, including those looking for high-risk, high-reward opportunities. Analysts suggest that the success of TROLL will depend heavily on continued community engagement and market sentiment.
Manual Migration of WCFG to CFG Reflects Coinbase’s Risk Mitigation Strategy
Coinbase has taken a cautious approach with Centrifuge’s token migration. Users are required to manually migrate their WCFG tokens to CFG via the Centrifuge platform before the deadline of November 30, 2025. Coinbase has opted not to automate this process, underscoring the exchange’s commitment to risk mitigation.
The manual migration requirement also reflects Coinbase’s focus on minimizing potential issues related to token transitions. While the move provides users with more control over their tokens, it has been met with mixed reactions. Some see it as a necessary step to ensure security, while others express concerns over the inconvenience it may cause.
Coinbase’s Strategy Aligns with Broader Blockchain Trends
By adding CFG and TROLL to its listings, Coinbase is aligning itself with broader industry trends toward blockchain-driven financial innovation. The platform’s expansion into tokenized RWAs and meme tokens demonstrates its adaptability in a rapidly evolving market.
According to projections, the tokenized RWA market could reach $18 trillion by 2033. As a result, Coinbase’s additions position it well to capitalize on the growing interest in both institutional-grade and speculative digital assets.
While the market’s reaction to Coinbase’s new listings has been mixed, the move further solidifies the exchange’s role in bridging the gap between traditional finance and blockchain technology. By offering a diverse range of digital assets, Coinbase is preparing for the next wave of innovation in the financial sector.
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