Coinbase Targets $70T US Stock Market with Fully Backed Tokenized Equities Push

Coinbase's CEO Brian Armstrong has set his sights on the $70 trillion US stock market, aiming to tap into its vast potential through tokenized equities. The exchange is pushing for fully backed stock tokens that represent actual securities, not synthetic assets or debt instruments.

The products currently offer redemption and dividend capabilities, with voting rights scheduled for a later rollout. Armstrong views this as a pathway for global investors to access the US stock market via blockchain infrastructure.

Coinbase has established a model built around tokenized stocks that are backed by corresponding underlying securities. The exchange is taking a more securities-focused route in the crypto landscape, where some products focus on price relative to the blockchain.