According to Blockchainreporter, Coinbase has confirmed its plan to launch tokenized stocks and prediction markets, expanding its services beyond crypto trading. The move is seen as a major step toward mainstream adoption of tokenized equities. The platform will issue the equities directly, enabling users to trade blockchain-based representations of equity securities. Coinbase has over 105 million users, raising questions about whether this user base can push tokenized equities into the mainstream. The announcement coincided with the launch of Edel Finance's testnet, a platform for lending and borrowing tokenized stocks. Edel CEO Andrés Soltermann emphasized the need for lending and borrowing infrastructure to make tokenized equities functional financial instruments. The testnet allows users to lend and borrow tokenized stocks using bETH or the native $EDEL token. Coinbase aims to dominate the stock tokenization market, while Edel Finance focuses on building the capital markets layer for tokenized stocks.
Coinbase Launches Tokenized Stocks, Edel Finance Aims to Build Lending Infrastructure
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Summary
Coinbase has announced the launch of tokenized stocks and prediction markets, expanding its crypto services. The platform will issue blockchain-based equity representations directly to users. With over 105 million users, Coinbase aims to drive mainstream adoption of tokenized equities. Edel Finance also launched its testnet, offering lending and borrowing for tokenized stocks using bETH or $EDEL. The CEO stressed the need for lending infrastructure to support tokenized assets. Coinbase and Edel are both building toward a crypto-driven capital market.
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