Coinbase CEO Brian Armstrong endorses tokenizing company stock to expand ownership
Coinbase CEO Brian Armstrong stated he supports tokenizing shares of Coinbase to attract a broader investor base, taking a stance that contrasts with dozens of major tech firms resisting tokenized trading initiatives.
Coinbase Chief Executive Officer Brian Armstrong voiced clear support for tokenizing the crypto exchange's equity, arguing that expanding stock access is sound corporate strategy. In a post on X, Armstrong stated that as a public company CEO, he is in favor of tokenizing Coinbase shares because he wants more people to own them.[1][2][3]
Armstrong cautioned against turning away prospective investors, noting that alienating a potential new category of shareholders is bad business and emphasizing that companies should meet customers where they are.[2]
His open approach contrasts sharply with the broader corporate landscape. According to Wu Blockchain, 67 major companies—including Apple, Tesla, Nvidia, and Meta—have objected to their shares being tokenized and traded on OKXICE, a joint venture formed by OKX and Intercontinental Exchange. Those dissenting companies account for 56 of the 62 firms initially targeted by the trading initiative, representing approximately 90.3% of the target group.[2]
Key facts
- Coinbase CEO Brian Armstrong stated on X that he is pro-tokenization regarding Coinbase stock to allow more people to own shares.
- Armstrong argued that alienating a new category of shareholders is bad business and that firms should meet customers where they are.
- A total of 67 companies, including Apple, Tesla, Nvidia, and Meta, have objected to their stock being tokenized and traded on OKXICE.
- OKXICE is a joint venture between crypto exchange OKX and Intercontinental Exchange.
- The objecting firms include 56 of the 62 companies initially targeted by OKXICE, or roughly 90.3%.
Sources · 3 sources
- BL
BlockNews@blocknewsdotcomPost on X ·
🚨 JUST IN: Coinbase CEO Brian Armstrong says he SUPPORTS tokenizing Coinbase stock $COIN to attract more shareholders and make ownership accessible to more people! https://t.co/jgitLauvYj
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Coinbase CEO Backs Tokenizing COIN Stock to Broaden the Company's Shareholder Base Coinbase CEO Brian Armstrong said on X that he supports tokenizing Coinbase stock because he wants more people to own shares in the company. He argued that alienating a potential new category of shareholders is bad for business and that companies should meet customers where they are. Meanwhile, 67 companies, including Apple, Tesla, Nvidia, and Meta, have objected to their own shares being tokenized and traded on OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE). These include 56 of the 62 companies initially targeted by the platform, or approximately 90.3%.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 INSIGHT: Coinbase CEO Brian Armstrong says he supports tokenizing Coinbase stock to attract more shareholders and make ownership accessible to more people. https://t.co/LbPnowCwmU
Open source