Analyst & CEO at @milkroaddaily@milkroadai | Helping everyday investors catch technological trends early |
Go PRO to track my real-time portfolio below:
Now we're talking!
Stocks onchain only matter once it has the same rights as holding in a brokerage AND I can do it more with it
24/7 is cool, but its the composability with DeFi that is the REAL unlock
This is what I've been waiting for
Giving retail the ability to borrow, lend and earn with their stocks is something that will actually move retail investors from holding stocks in brokerages to holding stocks onchain
There have been many half-way attempts so far in crypto on tokenized stocks, but nothing that outcompetes the current way the world uses stocks (without a lot more added risk)
I figured Coinbase would be the first to figure this out
Now the question is can they get non-crypto users to move from off-chain assets to onchain assets? They will need to make this "no-brainer".
My guess is solid incentives will be user for users to trade in their old stocks on brokerages and move into tokenized stocks onchain
Even better, if can Coinbase find a way for people to easily transfer their assets over, like how you can from investing accounts in tradfi today
Love to see this finally launched. Big step forward for RWAs onchain!
Stocks have been updated
Coinbase Tokenized Stocks are live on Base
- Available 24/7, 365
- Composable across Base DeFi
- Own the underlying share held in a regulated trust, backed 1:1
Live now, with new stocks coming soon