Says the CEO:
Armstrong also notes the benefits of fractional shares, the potential for perpetual futures (perps), and perhaps even “novel governance things” that allow for certain voting conditions on tokenized stocks – something only possible onchain.
xStocks, which have exploded from zero to $571 million in AUM since June 2025, represent the first major successful effort of bringing US equities directly on-chain as tradable tokens that can be accessed 24/7.
FAQ What are tokenized stocks, according to Coinbase CEO Brian Armstrong? Tokenized stocks are on-chain versions of traditional equities that allow global, 24/7 trading similar to stablecoins. Why does Armstrong think tokenized stocks will see mass adoption? He says they unlock access for millions of global investors who can’t easily buy U.S. stocks like Tesla or Nvidia through traditional brokers. What advantages do tokenized stocks offer over traditional shares? They enable fractional ownership, 24/7 trading, and new on-chain features like perpetual futures and programmable governance. How big is the tokenized stocks market today? Total tokenized stock AUM is just over $1 billion, led by Solana’s xStocks with more than 57% market share.
