Coinbase Says Its Tokenized Stocks Set the Standard — But Nasdaq Is Backing a Rival
Coinbase Global, Inc. (NASDAQ: COIN ) has set a new standard for tokenized stocks: real securities, fully backed by underlying shares, with dividends and voting rights built into the model. But Nasdaq, Inc. (NASDAQ: NDAQ ) is putting $100 million behind Kraken’s parent company, Payward, as Wall Street moves to build it