Coinbase has confirmed plans to launch its own tokenized stocks and prediction markets, a strategic expansion beyond traditional cryptocurrency trading. The initiative, described by the company as building an "everything exchange," aims to bring a wide range of tradable assets on-chain. According to Max Branzburg, Vice President of Product at Coinbase, the goal is to create a "one-stop shop" for all trading needs, leveraging blockchain for improved security, liquidity, and accessibility.
The move is seen as a major step for the tokenized real-world asset (RWA) sector, which has grown to a market value of roughly $18.2 billion, a more than 400% increase over the past year. Coinbase, with over 105 million users and $1 trillion in annual trading volume, is positioned to become a primary distribution channel for tokenized equities. The stocks will be issued directly by Coinbase, rather than through external partners.
Concurrently, Edel Finance has launched its testnet, a platform designed to address a key infrastructure gap for tokenized stocks: lending and borrowing. Edel CEO Andrés Soltermann emphasized that "access alone does not create a functioning market," highlighting the need for capital efficiency and risk management tools. The testnet allows users to interact with mock tokenized stocks of companies like NVIDIA and Meta, using bETH or the native $EDEL token to lend assets for yield or borrow against equity collateral.
The development signals growing competition in blockchain-based prediction markets, an area previously dominated by Polymarket. Furthermore, it follows momentum from other projects like Ondo Finance ($ONDO), which plans to bring tokenized U.S. stocks and ETFs to Solana in early 2026. Coinbase CEO Brian Armstrong has previously championed tokenization for enabling instant settlement and 24/7 markets.
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