Coinbase is exploring the possibility of offering tokenized shares of its stock to users in the United States via Base, its Ethereum layer-2 network, according to Base developer Jesse Pollak.
In a recent post on X, Pollak confirmed that non-US users already have access to tokenized Coinbase (COIN) shares through platforms like Backed, a tokenized real-world assets (RWA) service.
Pollak shared that the idea of introducing tokenized COIN on Base is “something we are looking into in the new year.” While there are no specific plans yet, he believes that eventually “every asset in the world will be on Base.”
The exchange, however, is in an “exploratory phase” and is closely watching the regulatory landscape in the United States. As Pollak mentioned, “We need regulatory clarity and improvements that embrace onchain as an open platform to unlock this for everyone.”
The tokenized RWA market is expected to reach a staggering $30 trillion globally, offering significant opportunities for platforms like Coinbase. While tokenized securities like COIN are currently restricted in the US, broader regulatory clarity is essential for the widespread adoption of such assets.
Industry experts agree that clearer rules will be key to crypto’s growth, particularly as US regulators, including the SEC, continue their enforcement actions against the sector.
With regulatory hurdles still in play, Coinbase remains cautiously optimistic about expanding tokenized shares to US users, hoping for a more crypto-friendly environment under future leadership.
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