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Coinbase Launches Tokenized Stocks on Base | Jesse Pollak

8/25/2026 · 51 min · transcript via whisper

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Key topics

Coinbase launched tokenized stocks on Base blockchain, starting with Nvidia, Meta, Apple, and Google, with plans to expand to thousands of equities globally.

Tokenized stocks are one-to-one representations with real claims on underlying shares, including dividend rebasing and governance rights.

Stocks are permissionless and globally available on-chain but restricted at the UI layer for US users; they're fully composable with Base's DeFi ecosystem including Aerodrome, Morpho, and Aave.

Neo-banks are evolving into neo-brokerages by combining crypto rails (stablecoins, payments) with equities, lending, and yield-generation products to offer comprehensive financial services.

Jesse Pollak is focusing on Base as the blockchain for global finance, emphasizing multi-currency stablecoins (22–23 live currencies), portfolio lending infrastructure, and local fiat on-ramps.

The long-term vision is an "everything exchange" enabling trading, payments, and credit seamlessly across stocks, currencies, commodities, and other assets on a single global platform.

Market & price signals

None discussed.

Actionable insights

If you are a neo-bank or fintech builder, tokenized stocks on Base offer a lower-complexity alternative to integrating traditional stock settlement infrastructure across multiple jurisdictions—one API serves the entire world.

Consider the opportunity in building localized stablecoin infrastructure and yield products for emerging-market currencies (Nigeria Naira, Argentine Peso, Brazilian Real); these unlock one-to-one on-ramps and avoid expensive crypto on-ramp fees.

Portfolio lending against tokenized stocks (borrowing up to 30–40% against diversified holdings) will unlock liquidity and flexibility for retail investors previously limited to traditional brokerages.

Episode sponsorships

Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.

BitKey offers 10% off with code BANKLESS at bankless.cc/bitkey.

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BitGet Stocks 2.0 lets you trade tokenized equities with USDT inside the same app at bankless.cc/bitget-stocks. Not investment advice.

The DeFi Report, hosted by Michael Nadeau, publishes weekly 30-minute episodes analyzing portfolio holdings, market structure, entry targets, and Bitcoin/Ether fair value across the cycle; new episodes every Wednesday on thedefireport.io/bankless.

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