Bankless

Coinbase Launches Tokenized Stocks on Base | Jesse Pollak

51 min

Coinbase has launched tokenized stocks on Base, starting with major equities like Nvidia, Meta, Apple, and Google. Jesse Pollak explains how these one-to-one tokenized stocks are fully permissionless, pay dividends via a rebasing mechanism, and unlock global access to equities 24/7. He envisions Base becoming the blockchain for global finance, enabling neobanks to become neobrokerages and developers to build borrowing, lending, and yield products on top of tokenized assets.

Summarized by Podsumo

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✨ Key Takeaways

1

Coinbase launches tokenized stocks on Base with a one-to-one legal claim on underlying equities, starting with Nvidia, Meta, Apple, and Google.
2

Tokenized stocks are fully permissionless and composable in DeFi, allowing borrowing, lending, yield generation, and even meme coin pairs.
3

Dividends are handled via a rebasing mechanism that increases token balance, making them easier to integrate into DeFi protocols.
4

The product targets the 4 billion unbrokered people globally, enabling neobanks to offer equities alongside stablecoin savings and cards.
5

Jesse Pollak emphasizes that Base is building the 'everything exchange' for trading, financing, and payments, with a focus on global fiat stablecoins and portfolio-backed loans.

💬 Notable Quotes

"We think the whole world is going to move on-chain. And we're building base to be the blockchain for global finance."
"We basically just plugging this massive asset class into the programmable economy that is base and making it so that the world's innovators can now basically build anything with equities."
"We have all the pieces, now we just have to put them together."