Backed Launches Tokenized Coinbase Stock on Base
Backed introduces wbCOIN, a tokenized version of Coinbase stock, on Base via Aerodrome, with $180K liquidity.
- Backed has launched wbCOIN, a tokenized version of Coinbase stock.
- The token is available on Base via Aerodrome, with $180K liquidity.
- Backed clarified that it is not affiliated with Coinbase.
The real asset tokenization platform Backed has unveiled wbCOIN, a tokenized version of Coinbase stock, on the Base Blockchain through Aerodrome. This move marks another step toward bringing traditional financial assets onto blockchain networks, increasing accessibility and liquidity for investors.
What Is wbCOIN and How Does It Work?
wbCOIN is a tokenized representation of Coinbase’s stock, meaning that it mirrors the value of real Coinbase shares but exists in a digital, blockchain-based format. This allows investors to gain exposure to Coinbase stock without needing to purchase it through traditional brokerage platforms.
Currently, the Aerodrome USDC/wbCOIN liquidity pool holds approximately $180,000 in liquidity, ensuring that users can trade the asset efficiently.
The real asset tokenization platform Backed has launched a tokenized version of Coinbase stock, wbCOIN, on Base – Aerodrome. The Aerodrome USDC/wbCOIN Pool currently has approximately $180k in liquidity. Notably, Backed has stated that this move is not affiliated with Coinbase as…
— Wu Blockchain (@WuBlockchain) March 8, 2025
Backed’s Statement on Coinbase Affiliation
Despite the wbCOIN token’s connection to Coinbase stock, Backed has explicitly stated that this initiative is not affiliated with Coinbase as a company. The tokenization of assets like stocks and bonds is gaining traction, offering new opportunities in decentralized finance (Defi) while ensuring compliance with regulations.
With the launch of wbCOIN on Base, Backed continues to push the boundaries of real-world asset tokenization, allowing more users to interact with equities on blockchain networks.
