Coinbase, Kraken and Binance Push Deeper Into Tokenization as Capital Shifts
Coinbase, Binance, and Kraken have launched new tokenized products amid ongoing crypto market declines and increased interest in structured digital assets. Coinbase partnered with Yahoo Finance to directly link crypto and equity tickers on the news platform to its exchange, allowing trading of digital assets or tokenized stocks. Officials see this reflecting the growing tendency for investors to consider digital assets alongside traditional investments. Tokenized real-world assets—stocks, bonds, real estate, or funds represented as blockchain tokens—have grown significantly, with total value up nearly 300% year-over-year to $25 billion. Kraken introduced regulated tokenized equity perpetual futures, offering eligible non-U.S. clients leveraged, 24/7 exposure to tokenized assets. Binance has begun offering tokenized assets via Ondo Finance on its Binance Alpha platform, granting exposure to underlying assets without full shareholder rights. These developments highlight a shift toward integrating traditional and digital finance, offering greater flexibility, speed, and new risk management options for investors.
