Coinbase CEO: Supports tokenizing company stock, hopes to expand the shareholder base

Coinbase CEO Brian Armstrong said he supports tokenizing his company's stock because he wants a broader base of shareholders. Armstrong argued that alienating potential new investor groups is bad for business and that companies should meet customers in the markets where they already operate. The endorsement, posted November 7, positions the largest U.S. crypto exchange behind putting equity on-chain, a step that could widen access to Coinbase (COIN) shares beyond traditional brokerage accounts. It matters because tokenized equities could bridge crypto wallets and public markets, giving issuers a new distribution channel and investors fractional or 24/7 exposure. What to watch next is whether Coinbase moves from public support to an actual tokenized share offering, and whether U.S. regulators and market infrastructure follow.