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

Bitwise Submits Updated Prospectus for XRP ETF Trust

Bitwise has filed an updated prospectus for its XRP exchange-traded fund trust on September 21, reflecting ongoing regulatory efforts.

user avatarMaya Lundqvist

New York Life Investment Management Partners with Centrifuge for On-Chain Bond Strategy

New York Life Investment Management has partnered with Centrifuge to tokenize a US high-yield corporate bond strategy on the Avalanche blockchain, allowing institutional buyers to use USDC for subscriptions and redemptions.

user avatarLeo van der Veen

ShredPay Partners with Jack Henry to Enhance Digital Asset Integration

ShredPay partners with Jack Henry to enable banks and credit unions to access stablecoin and digital asset services.

user avatarLi Weicheng

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

Alphabet Enters Hardware Market with Custom TPUs for Data Centers

Alphabet announces the sale of its custom-made Tensor Processing Units (TPUs) to external data centers, marking a significant move into hardware sales.

user avatarTenzin Dorje

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.