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

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.

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