Odaily Planet Daily News: Coinbase CEO Brian Armstrong recently stated in an interview that although Coinbase entered the stock market later than others, the company is making long-term strategic plans. He said that Coinbase has deep expertise in cryptocurrency and the most trusted crypto brand, which will serve as a bridge connecting traditional finance with cryptocurrency and promote the development of tokenized stocks. A company spokesperson added that all global markets and tradable assets will be moved onto the blockchain, and Coinbase is best positioned to lead this transformation. Tokenized stocks refer to digital tokens representing real-world stocks of companies like Apple and Tesla, with the advantage of being traded across exchanges and settled instantly. Armstrong said that currently, Coinbase will sell stocks in a traditional manner, with the backend operations handled by Apex Fintech Solutions. The service is currently available to a limited number of users but is expected to expand to all customers in the coming weeks. He predicted that the transition of assets onto the blockchain will begin in about two years and expressed hope that Coinbase will become the first company to pay shareholder dividends in Bitcoin in the future. (Fortune)
Coinbase to Expand Tokenized Stock Trading to All Users Within Weeks
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Summary
Coinbase to Expand Tokenized Stock Trading to All Users in Weeks, real-world assets (RWA) news highlights the company’s push to bring traditional equities on-chain. CEO Brian Armstrong said the goal is to connect crypto and traditional finance, with tokenized stocks representing shares of Apple and Tesla. A spokesperson noted that all global markets and tradable assets will move on-chain. On-chain news shows Coinbase is preparing to lead this shift. The service, now available to a limited group, will roll out to all customers soon. Armstrong also mentioned the move to blockchain-based assets could start in two years, with a possible first in bitcoin-based dividends.
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