~hyperlinks

I like your reasoning. 

I think that the only reason to tokenize is for the token to be a bearer instrument; everything else is just a variation of custody. Since you cannot do bearer instruments on a permissioned account chain, and they're going to do this on Base, it's not as innovative as they make it sound.

optimism

Looks like it’s got to do with the new law!

https://www.theblock.co/post/401766/sec-innovation-exemption-tokenized-securities-this-week

0xbitcoiner

If a stock is 100 dollars a share and I give you 100 dollars for a share and you hold the share and give me a token backed by the share then the token is a derivative of the share.

Unless companies are issuing new shares directly as tokens and Coinbase is just the exchange in the middle it is a derivative.

Stacker_Stocks

Coinbase launching tokenized US stocks, with holders able to receive dividends

If a stock is 100 dollars a share and I give you 100 dollars for a share and you hold the share and give me a token backed by the share then the token is a derivative of the share.

Unless companies are issuing new shares directly as tokens and Coinbase is just the exchange in the middle it is a derivative.