Crypto-Equity Convergence: Coinbase Expands into Equities, Ondo Launches Equity Perps, Backpack Enters
Key Questions
What does Coinbase's UK license allow?
The license enables Coinbase to offer equities and derivatives in the UK, expanding it toward a multi-asset brokerage model that bridges crypto and traditional markets.
What is Ondo launching in DeFi?
Ondo is launching equity perpetuals using tokenized stocks as collateral with up to 20x leverage. This brings traditional equity exposure into decentralized finance.
What new product did Backpack introduce?
Backpack launched 24/7 trading of tokenized U.S. equities for international investors. It joins a growing list of crypto platforms offering real equity exposure.
What does this convergence mean for markets?
The moves signal increasing integration between crypto infrastructure and traditional equities, raising questions around regulation, custody, and institutional adoption.
How are tokenized equities being used elsewhere?
Reserve Protocol recently launched five AI-themed tokenized equity DTFs on BNB Chain, powered by Ondo. These products expand tokenized exposure to thematic equity baskets.
Coinbase secures UK license to offer equities and derivatives, moving toward a multi-asset brokerage model. Ondo launches equity perps with tokenized stocks as collateral, offering 20x leverage in DeFi. Backpack launches 24/7 tokenized U.S. equities, joining the race. These developments signal growing convergence between crypto and equity markets, with implications for trading platforms, regulation, and institutional adoption.