Centrifuge jumps 17% after launching 24/7 tokenized S&P 500 trading with Coinbase support

Centrifuge (CFG) surged over 17% in 24 hours, continuing a strong uptrend fueled by its new 24/7 trading of the tokenized S&P 500 on Base Chain, backed by Coinbase. This partnership positions Centrifuge as a key player in real-world asset tokenization, with a current TVL of $1.686 billion and growing token holders. While CFG eyes breaking the $0.30 resistance, past price action suggests this level could be challenging. The collaboration with Coinbase and S&P Dow Jones Indices highlights growing institutional interest in blockchain-based asset trading.