SShortSingh.
Back to feed

Coinbase Launches Tokenized Stocks on Base Network, Starting With Big Tech Shares

0
·1 views

Coinbase has introduced tokenized stocks on its Base blockchain network, marking its entry into the growing space of on-chain equities. The crypto exchange is initially offering tokenized versions of four major tech companies: Apple, Nvidia, Meta, and Alphabet. These tokenized assets are being issued under a regulatory framework established in Abu Dhabi. The move positions Coinbase among a rising number of firms working to bring traditional stock market assets onto blockchain infrastructure.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Stand With Crypto backs 32 House incumbents, more endorsements expected

Stand With Crypto, a political advocacy group that rates politicians on their stance toward cryptocurrency, has announced support for 32 sitting U.S. House members in this election cycle. The group evaluates lawmakers based on their crypto-friendliness and uses those ratings to guide its endorsements. The 32 incumbents represent the organization's current list of backed candidates, with additional endorsements still to come. The move signals the crypto industry's growing effort to build a network of congressional allies ahead of key legislative battles.

0
Crypto & Web3CoinDesk ·

Bitmine acquires $81M in ETH as Tom Lee flags potential larger rally

Tom Lee's treasury firm Bitmine made its largest weekly Ethereum purchase since early July, acquiring $81 million worth of ETH. The buy comes amid a strong 30% weekly rally in Ethereum's price. Lee suggested the recent price surge could be signaling a larger upward move ahead. The significant accumulation reflects growing institutional confidence in Ethereum's near-term outlook.

0
Crypto & Web3CoinDesk ·

Solana Community Votes on Proposals to Slash Inflation and Boost Daily Fee Burns

Solana's community is considering three governance proposals aimed at altering the network's tokenomics. Two of the proposals focus on reducing SOL supply growth by accelerating the pace of Solana's inflation decline. Additionally, these proposals would significantly increase daily fee burns, raising them from approximately 650 SOL to as much as 9,000 SOL per day. At current prices, the higher burn rate would amount to roughly $800,000 worth of SOL destroyed daily. The outcome of the vote could meaningfully slow the creation of new SOL tokens over time.

0
Crypto & Web3CoinDesk ·

Strategy raises $2B via share sale, grows USD cash reserve to $5.1B

Strategy has raised $2 billion by selling 18.26 million MSTR shares in a recent capital markets move. The proceeds contributed to an expansion of the company's USD cash reserve, which now stands at $5.1 billion. Alongside the share sale, Strategy also repurchased $136.4 million worth of its STRC securities. The dual action of raising fresh capital while buying back STRC reflects the company's active balance sheet management strategy.

Coinbase Launches Tokenized Stocks on Base Network, Starting With Big Tech Shares · ShortSingh