Coinbase Expands Tokenized Equity Offering to Ethereum Layer-2 Base

Coinbase's move to bring tokenized stocks to its Ethereum L2, Base, signals deeper convergence between public equities and on-chain trading. If executed at scale, it could expand Coinbase's product surface and increase activity on Base via new collateral, settlement, and custody workflows. Near term, the headline primarily affects Coinbase's equity exposure and reinforces the broader narrative of tokenization as a growth vector.