Bankless · Friday, August 28, 2026
Coinbase has introduced tokenized stocks on its Base layer-2 network, allowing 24/7 trading of U.S. equities. However, Hasib Qureshi expressed skepticism, stating that demand for tokenized stocks is low compared to derivatives, and that the current offerings are more 'me too' products mimicking TradFi rather than driving new on-chain activity.
“Stocks have been updated. Coinbase tokenized stocks live on base. Available 24-7, 365. Composable base. DeFi own the underlying share. Held in a regulated trust. Back one-to-one. Live now. New stocks coming soon.”
“Uh look, candidly, I don't think it's that big of a deal. You know, they're the end player to do this. Stocks have been on chain for a while. Obviously, they're, you know, they've had, we've had X stocks for quite a while. Robinhood got in the game. Now Coinbase is getting in the game with base.”
“The reality is that stock tokens are, which are, you know, they're not actually underlying stock. Most of them are these kind of debt instruments that mimic the underlying stock.”