Coinbase Aims to Offer Tokenized COIN Shares on Base for US Users

user avatar

by Giorgi Kostiuk

2 years ago

Base developer Jesse Pollak announced that Coinbase is considering launching tokenized COIN shares on Base for US users.

Exploring Opportunities

COIN shares are already available for non-US residents through protocols like Backed. Jesse Pollak noted that Coinbase has no concrete plans and is in an exploratory phase, trying to understand how to navigate US regulations.

RWA Market Potential

The global market for tokenized real-world assets (RWA) is estimated at $30 trillion. The positive outcome of the US presidential election also influenced a significant increase in COIN stock value, which surged more than 20% in November.

Need for Regulatory Clarity

Analysts emphasize the need for clear regulatory rules for the widespread adoption of cryptocurrencies and tokenized securities. Under President Joe Biden, the SEC has taken over 100 enforcement actions against crypto companies, highlighting the need for a more clear legislative framework.

While Coinbase does not have specific plans for introducing tokenized COIN shares in the US, the company is hoping for future improvements in the regulatory environment.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

SpaceX Secures $40 Billion in Debt Financing for AI Infrastructure

Elon Musk announces that SpaceX has secured $40 billion in debt financing aimed at developing artificial intelligence infrastructure.

user avatarMohamed Farouk

Bitcoin Core Release Candidate Fixes SQL Connection Pool Deadlock

The latest release candidate addresses a deadlock issue in the SQL connection pool, crucial for node reliability.

user avatarElias Mukuru

Bitcoin Core's October 22 Release Candidate Enhances Wallet Security

The October 22 release candidate of Bitcoin Core introduces important changes to enhance wallet security by bounding fee estimates.

user avatarDiego Alvarez

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.