Coinbase CEO said that assets are moving on-chain; the chart shows that the supply of tokenized stocks has reached 3750000000 USD。
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Coinbase CEO All asset classes are moving on-chain
PANews October 28 reported that Coinbase CEO Brian Armstrong posted on the X platform that all asset classes are moving on-chain. Tokenized stocks and stablecoins are growing rapidly, and more tokenized assets will emerge in the future. Armstrong said that Coinbase will continue to advance the upgrade of the financial system. The Blockworks chart he shared shows that the total supply of tokenized stocks has reached 3750000000 USD, with 1501 stocks tokenized.
Coinbase CEO Brian Armstrong posted on the X platform that all asset classes are moving on-chain.
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The report mentioned that tokenized stocks and stablecoins are growing rapidly.
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Armstrong said that Coinbase will continue to advance the upgrade of the financial system.
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The Blockworks chart he shared shows that the total supply of tokenized stocks has reached 3750000000 USD, with 1501 stocks tokenized.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“On-chain” means putting asset information and transaction records onto a blockchain system. Tokenized stocks use blockchain tokens to represent equity interests in stocks or related assets.
Why it matters to readers
If the relevant trend continues, traditional assets may increasingly be issued, traded, or recorded through blockchain; however, this report does not specify how this would be implemented.
This can help newcomers understand the concepts of tokenized stocks, stablecoins, and the integration of traditional finance with blockchain.
Risks and unknowns
The original X post and the Blockworks chart were not directly provided in the evidence.
The evidence does not specify 3750000000 USD or 1501 the statistical period, methodology, or whether the figures have undergone independent verification.
The evidence does not provide specific size or growth data for stablecoins.
The evidence does not specify how much revenue or business growth Coinbase will gain from the relevant trend.
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Related concepts
On-chain
This term is not in the glossary yet. Browse related concepts in the glossary.
