The post Coinbase Considers COIN Tokenization on Base appeared on BitcoinEthereumNews.com.

Coinbase, the largest cryptocurrency exchange in the United States, is considering offering tokenized shares of its COIN stock to domestic users through its Ethereum Layer-2 network, Base. This move could combine traditional stocks with blockchain technology, putting Coinbase ahead in financial innovation. Regulatory Clarity Key to Coinbase’s Tokenized Shares Rollout in the US Jesse Pollak, Base’s lead developer, revealed that Coinbase is still in the early stages of exploring this initiative. He acknowledged that regulatory compliance is the primary obstacle. Pollak emphasized that Coinbase is committed to addressing these challenges to ensure a secure and lawful rollout of tokenized assets. “We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to Base in a safe, compliant, future-looking way,” Pollak stated. Currently, tokenized COIN shares are available only to international users through decentralized platforms. Pollak stated that expanding this access within the US hinges on clearer regulatory guidelines. Moreover, such advancements could open the door for blockchain-based financial systems to a broader audience. Meanwhile, Pollak hinted that the tokenized COIN stocks could be the first of many such products on the Base network. Over the past year, the Ethereum Layer-2 network quickly gained traction and became a significant player in the industry, with over $3.84 billion in total value locked (TVL). Projected Tokenization Sector Growth. Source: Aconomy Pollak expressed confidence in the platform’s potential to reach $1 trillion in managed assets. According to him, this would further cement Base’s role as a hub for next-generation financial solutions. “We are going to bring $1 trillion assets to Base and it’s going to happen faster than anyone expects,” Pollak added. Meanwhile, Coinbase move toward tokenization is not surprising, considering the sector’s rapid growth over the past year. Industry leaders,…

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Filed under: News - @ January 6, 2025 12:19 am