A post by @WuBlockchain on X.

Coinbase CEO Brian Armstrong said on X that he supports tokenizing COIN stock to broaden the company's shareholder base, arguing that restricting ownership to traditional brokerage accounts alienates a potential new category of investors. The endorsement positions the largest U.S. crypto exchange behind on-chain equity, a market that has drawn growing interest from rivals including Robinhood and Kraken. Armstrong did not disclose a timeline, structure, or the chain on which tokenized COIN shares would be issued. The move matters because tokenized equities could let crypto-native users hold public company shares around the clock and outside U.S. brokerage rails, expanding demand for exchange tokens and settlement infrastructure. What to watch next is whether Coinbase files for a tokenized share class with the SEC and which blockchain and custody partners it selects.