Wire · technology
Coinbase's Base Moves Toward Tokenized Stocks For Non-US Users
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Fusion42 · 21 July 2026 · Fusion42 review
Coinbase's Base layer is building toward tokenized equities with 1:1 underlying backing and dividend pass-through, initially targeting non-US users to navigate securities regulation. The move signals mainstream crypto infrastructure backing real-world asset tokenisation, though execution risks around custody, liquidity, and jurisdictional compliance remain substantial.
This Wire brief sits within Fusion42's coverage of Crypto & Web3 and Fintech.
◆ ◆ The Wire takeaway
If you're building custody, custody tech, or settlement infrastructure for tokenized assets, Coinbase just validated your market as real. That distribution and compliance layer is now a buyer with an actual product roadmap - but only if you can handle 1:1 backing and dividend pass-through at scale, and only outside the US.
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1 source · 21 Jul 2026
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