Coinbase Pushes Tokenized Stocks, Options and an AI Advisor in Bid to Become an "Everything Exchange"

Coinbase outlined the next phase of what it calls the "Everything Exchange," a set of products that extends the company beyond crypto into stocks, derivatives, and automated advice. The exchange will introduce crypto and equities options alongside tokenized stock trading, according to its own blog as summarized by AggrNews, and it confirmed plans to launch tokenized stock trading.

The tokenized equities are designed to be backed 1-to-1 by the underlying shares, with dividends distributed automatically through smart contracts. Coinbase is launching the equity tokens outside the United States first, because tokenized securities fall between securities law and crypto regulation and the Securities and Exchange Commission (SEC) has not issued definitive guidance on how they should be treated. Options contracts on both equities and cryptocurrencies are scheduled to follow next month.

Coinbase also began rolling out an SEC-registered, artificial-intelligence investment advisor for its Coinbase One subscribers. The tool analyzes a portfolio in real time, flags concentrated risk, and performs automated tax-loss harvesting.

The move turns the debate over tokenized equities from theory into a product. Standard Chartered estimates the tokenized-asset market could grow from roughly $340 billion today toward $4 trillion by 2028, and a regulated United States exchange issuing fully backed share tokens is a direct attempt to capture that growth. The open question is custody and redemption. A 1-to-1 token is only as reliable as the proof that the underlying shares exist and can be claimed, and an AI advisor registered with a regulator still directs order flow back to the same venue that profits from it.