Coinbase Launches Tokenized Stocks on Base

Coinbase is effectively testing whether a major regulated exchange can bridge equity exposure and on-chain rails, with the US excluded and Chainlink oracles anchoring pricing. The day-one mint and DEX liquidity suggest real demand from non-US users, but thin depth relative to the underlying equities means execution and arbitrage risk stay elevated. Whether these tokens find a genuine trading use case beyond novelty, and whether the US exclusion proves temporary, are the open questions.