Overview
- Brian Armstrong says tokenized equities will enable 24/7 trading, fractional ownership, real-time settlement, perpetual futures, and new governance features.
- On-chain tokenized equity transfers hit about $2.46 billion last month, rising roughly 76% from the prior month, according to RWA.xyz.
- Coinbase plans an all-in-one platform targeted for 2026 that would let users trade cryptocurrencies, tokenized stocks, and commodities.
- SEC Commissioner Hester Peirce has emphasized that tokenized securities remain securities under existing rules, and legal scholars warn many tokens may not carry issuer-granted rights.
- Coinbase is building supporting infrastructure, including institutional tokenization offerings and event-driven markets through Kalshi and The Clearing Company.