Coinbase has made a HUGE move into tokenised stocks. $APPL, $NVDA & other U.S. equities can now be traded, lent and used across Base DeFi, backed 1:1 by real shares. Coinbase is already a Fortune 500 giant. Now it's coming for the RWA market. Competitors like $ONDO should be

What happened

Coinbase introduced tokenised stocks, allowing U.S. equities like Apple and Nvidia to be traded, lent, and used across its Base DeFi platform. Each token is backed 1:1 by real shares, meaning every digital token represents one actual share held in reserve.

Confirmed

Global impact / market context

This move lets investors use real company shares in DeFi, which is a system for lending and trading without traditional banks. It could increase trading activity and borrowing demand, potentially boosting Coinbase's revenue from fees and interest while expanding how stocks are used.

Analyst inference

Coinbase, a Fortune 500 company, is entering the real-world asset market, which involves putting physical or financial assets like stocks onto blockchains. This directly competes with platforms like Ondo that also tokenise assets, potentially shifting investor attention and capital toward Coinbase's larger brand.

Analyst inference

What to watch

1. Watch whether Coinbase expands its tokenised stock list beyond Apple and Nvidia to include more U.S. equities, as the article states these are among the first available on Base DeFi. Confirmed
2. Monitor how competitors like Ondo respond to Coinbase's entry, since the article suggests they should be concerned, potentially leading to new features or partnerships to retain users. Proposed
3. Track whether lending and borrowing volumes for these tokenised stocks grow on Base DeFi, as increased usage would signal real demand and could influence Coinbase's future strategy. Analyst inference

Affected assets

• NVDA — NVIDIA • Robinhood Token

Evidence

• x.com