Coinbase's Base network, led by creator Jesse Pollak, is "imminently" launching 1:1-backed tokenized equities, inspired by Robinhood Chain's success in an EVM environment. This move accelerates Base's strategic pivot towards financial applications, shifting from its earlier focus on social products.
Bernstein analysts raised Robinhood's (HOOD) price target to $160, maintaining an Outperform rating, based on their view that tokenized equities and prediction markets, rather than traditional crypto, will drive its next growth phase. They project significant revenue growth from prediction markets and see tokenized real-world assets as a major long-term opportunity, with other financial institutions also expanding tokenization infrastructure.
Solana's tokenized equities have crossed $1 billion in weekly volume, behaving like a 24/7 crypto trading venue. This surge, largely driven by SpaceX-linked SPCX activity, highlights demand but raises questions about diversified adoption, market structure, and the mismatch between crypto trading habits and traditional equity rules.
Exodus has partnered with Ondo Finance to launch a marketplace for tokenized assets, including stocks and ETFs, on the Solana blockchain. The new service, Exodus Markets, allows eligible users to trade over 200 tokenized real-world assets directly from their crypto wallet.
Kraken provides access to SpaceX's upcoming IPO through xStocks, allowing tokenized equity participation for eligible users across 110+ markets, excluding the US, Canada, UK, and Australia due to regulations.
