Coinbase (COIN) will announce next week that it will launch prediction markets and tokenized equities, Bloomberg’s Olga Kharif reported, citing a person familiar with the matter. Tokenized stocks will be launched in-house, not through partners, the report states. Robinhood (HOOD) and the crypto exchange Kraken also have tokenized US stocks and exchange-traded funds, and the trading in tokenized equities, which are digital stocks tied to blockchain, has been rising, with monthly transfer volume up 32% in the last 30 days to $1.45B, Bloomberg’s Kharif writes.
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