Coinbase 考虑在第 2 层基础网络上托管代币化 COIN 股票

Coinbase 正在探索在 Base 网络上引入代币化 COIN 股票的可能性，旨在简化在美国对数字资产的访问，但仍然存在重大的监管挑战。

Coinbase is exploring the possibility of introducing tokenized COIN shares on the Base network, aiming to simplify access to digital assets in the United States, but significant regulatory challenges remain.

Coinbase 正在探索在 Base 网络上引入代币化 COIN 股票的可能性，旨在简化在美国对数字资产的访问，但仍然存在重大的监管挑战。

Let’s see all the details in this article.

让我们看看本文中的所有详细信息。

Coinbase might host COIN shares on its own layer-2 Base for American investors

Coinbase 可能会在其自己的 Layer-2 Base 上为美国投资者托管 COIN 股票

Coinbase, one of the world leaders in the cryptocurrency sector, is considering an initiative that could mark a turning point in the market of tokenized assets. Namely, offering tokenized versions of its shares, COIN, to U.S. users.

Coinbase 是加密货币领域的全球领导者之一，它正在考虑一项可能标志着代币化资产市场转折点的举措。即，向美国用户提供其股票的代币化版本 COIN。

The platform designated for this innovation would be Base, the layer-2 network of Coinbase built on Ethereum. This move, currently in the exploratory phase, was announced on January 3 by Jesse Pollak, developer of Base, through a post on platform X.

指定用于这项创新的平台是 Base，它是建立在以太坊上的 Coinbase 的第 2 层网络。这一举措目前正处于探索阶段，由 Base 开发者 Jesse Pollak 于 1 月 3 日通过平台 X 上的帖子宣布。

Tokenized COIN shares are not new for international users, who can access them through platforms like Backed. However, extending this service to the United States requires a targeted approach that complies with local laws.

代币化的 COIN 股票对于国际用户来说并不新鲜，他们可以通过 Backed 等平台访问它们。然而，将这项服务扩展到美国需要采取符合当地法律的有针对性的方法。

Pollak emphasized that there are still no definitive plans, but Coinbase’s goal is to align with a vision in which “every asset in the world will be on Base”.

Pollak 强调，目前还没有明确的计划，但 Coinbase 的目标是与“世界上的所有资产都将在 Base 上”的愿景保持一致。

The global market of tokenized assets, estimated at 30 trillion dollars, represents an unprecedented opportunity for companies operating at the intersection between traditional finance and blockchain.

全球代币化资产市场估计达 30 万亿美元，对于在传统金融和区块链交叉领域运营的公司来说，这是一个前所未有的机遇。

Colin Butler, of Polygon, highlighted how tokenized assets are increasingly seen as a bridge between these two worlds.

Polygon 的 Colin Butler 强调了代币化资产如何越来越多地被视为这两个世界之间的桥梁。

Regulatory challenges

监管挑战

Despite the potential, the regulatory landscape in the United States remains uncertain. Pollak reiterated the importance of obtaining greater clarity from the authorities to ensure that assets like COIN can be brought onto Base in a safe and compliant manner.

尽管潜力巨大，但美国的监管环境仍然不确定。 Pollak 重申了获得当局进一步澄清的重要性，以确保 COIN 等资产能够以安全、合规的方式进入 Base。

This is a crucial aspect, given that many other global jurisdictions are advancing more rapidly in terms of regulation.

鉴于许多其他全球司法管辖区在监管方面的进展更加迅速，这是一个至关重要的方面。

The necessity of a clearer legislative framework has also been highlighted in a recent research note by Citi. Although some progress has been made, the United States lags behind other nations, hindering the large-scale adoption of tokenized assets.

花旗最近的一份研究报告也强调了建立更清晰立法框架的必要性。尽管取得了一些进展，但美国仍落后于其他国家，阻碍了代币化资产的大规模采用。

According to Citigroup, the tokenization market could reach 16 trillion dollars by 2030, with more conservative estimates suggesting a figure between 4 and 5 trillion dollars.

据花旗集团称，到 2030 年，代币化市场可能达到 16 万亿美元，更保守的估计数字在 4 到 5 万亿美元之间。

Recognizing this potential, companies from various sectors are investing significant resources in the tokenization of real assets.

认识到这一潜力，各行业的公司正在投入大量资源进行实物资产的代币化。

An example of success is represented by protocols like Propy, specialized in real estate tokenization, and platforms like Toucan and KlimaDAO, which operate in the digital carbon market.

成功的例子是 Propy 等专门从事房地产代币化的协议，以及在数字碳市场运营的 Toucan 和 KlimaDAO 等平台。

These projects demonstrate how public and private blockchains are progressively including a variety of assets, opening new possibilities for investors and companies.

这些项目展示了公共和私人区块链如何逐步包含各种资产，为投资者和公司开辟新的可能性。

Coinbase and the future of RWA

Coinbase 和 RWA 的未来

COIN shares have recently experienced a remarkable growth, surpassing 300 dollars for the first time since 2021.

COIN 股价近期经历了显着增长，自 2021 年以来首次突破 300 美元。

All this is also thanks to a more favorable market perception towards the Trump administration, which could ease regulatory pressures on the crypto sector.

这一切也得益于市场对特朗普政府更加有利的看法，这可能会缓解加密行业的监管压力。

With this initiative, Coinbase not only aims to strengthen its position in the market of tokenized assets, but also contributes to defining a future where blockchain becomes an open platform for every type of investment.

通过这一举措，Coinbase 不仅旨在加强其在代币化资产市场的地位，还有助于定义区块链成为各类投资的开放平台的未来。

However, the success of this strategy will largely depend on the ability of the United States to create a more favorable regulatory environment.

然而，这一战略的成功将在很大程度上取决于美国是否有能力创造更有利的监管环境。

In summary, although the Coinbase project is still in its early stages, its potential to revolutionize the market of tokenized assets in the United States is undeniable.

综上所述，尽管Coinbase项目仍处于早期阶段，但其彻底改变美国代币化资产市场的潜力是不可否认的。

Future developments will be determined by a combination of technological innovation and regulatory advances, making this initiative one of the most anticipated in the blockchain sector.

未来的发展将取决于技术创新和监管进步的结合，使这一举措成为区块链领域最受期待的举措之一。