Posted 12/21/2023, 10:45:00 AM
Coinbase Bets on $10 Trillion Tokenization Market with New Blockchain Platform
- Coinbase is diversifying into "real-world asset tokenization", a potential $10 trillion opportunity by 2030
- This involves converting real-world assets like stocks and bonds into digital tokens on a blockchain
- Coinbase launched its own blockchain called Base to facilitate asset tokenization
- Project Diamond allows institutions to create and trade digital asset tokens on Base
- If asset tokenization takes off, Coinbase could become a major player in this emerging industry and see tremendous growth