Coinbase Considers COIN Tokenization on Base | Airdrop Alert Pro

Coinbase, the largest cryptocurrency exchange in the United States, is considering offering tokenized shares of its COIN shares to domestic users through its Ethereum layer 2 network Base.

The move could combine traditional stocks with blockchain technology, putting Coinbase at the forefront of financial innovation.

Regulatory clarity key to Coinbase launching tokenized shares in U.S.

Jesse Pollak, lead developer at Base, It was revealed that Coinbase is still in the early stages of exploring this move. He acknowledged regulatory compliance was a major hurdle.

Pollak emphasized that Coinbase is committed to addressing these challenges to ensure the safe and legal launch of tokenized assets.

“We are in the exploratory phase and working to understand what needs to be unlocked from a regulatory perspective in order to bring assets like $COIN to Base in a safe, compliant, future-proof way,” Pollak said. point out.

Currently, tokenized COIN shares are only available to international users through the decentralized platform. Pollack said expanding that access in the U.S. depends on clearer regulatory guidance. Additionally, these advancements could open the door for blockchain-based financial systems to a wider audience.

Meanwhile, Pollack hinted that tokenized COIN shares could be the first of many such products on the market. basic network. In the past year, Ethereum Layer 2 Network Quickly Gaining Attention and became a significant player in the industry with a total value locked (TVL) of over $3.84 billion.

Pollak is confident in the platform’s potential to reach $1 trillion in assets under management. He said this will further solidify Base’s role as a center for next-generation financial solutions.

“We’re going to bring $1 trillion in assets to Base, and it’s going to happen faster than anyone expected,” Pollack additional.

At the same time, it’s not surprising considering Coinbase is heading toward tokenization The industry has grown rapidly over the past year. Industry leaders, including Bitwise CEO Hunter Horsley, believe tokenization can reshape the stock market by creating a more inclusive capital markets system.

Horsley emphasized Tokenization Can give small businesses access to the stock market without the massive scale traditionally required for a public offering.

“Today, approximately 4,600 companies in the United States have access to public stock markets. The NAIC estimates that there are more than 200,000 companies in the United States with revenues of more than $10 million. Of course, not all companies want to go public. But many simply can’t because it requires Enter tokenization, a new democratized capital market,” Horsley point out.

indeed, Coinbase is the first publicly traded cryptocurrency exchange In the United States, the market capitalization is approximately $70 billion. Columbia Business School adjunct professor Austin Campbell recently commend The company played a key role in the boycott of what he said was Over-regulation of the cryptocurrency industry in the United States.