Coinbase Wants 500 Stocks Onchain by New Year
Haven't heard about stock tokenization in a while? Base just brought it back into the conversation..
Coinbase's blockchain wants around 500 tokenized stocks onchain by the end of the year. To get there, the team plans to add roughly 10 new stocks every single day.
Each token is backed 1:1 by a real share kept in a bankruptcy-protected structure. On top of that, Base is inviting developers to build lending, options and other products around these stocks.
So a tokenized share could soon work as collateral or a base for DeFi $BTC strategies, which is a lot more useful than just holding it in a wallet.
#BTC Price Analysis#
#Bitcoin Price Prediction: What is Bitcoins next move?#
Haven't heard about stock tokenization in a while? Base just brought it back into the conversation..
Coinbase's blockchain wants around 500 tokenized stocks onchain by the end of the year. To get there, the team plans to add roughly 10 new stocks every single day.
Each token is backed 1:1 by a real share kept in a bankruptcy-protected structure. On top of that, Base is inviting developers to build lending, options and other products around these stocks.
So a tokenized share could soon work as collateral or a base for DeFi $BTC strategies, which is a lot more useful than just holding it in a wallet.
#BTC Price Analysis#
#Bitcoin Price Prediction: What is Bitcoins next move?#