- Coinbase acted as custodian for Circle's USDC, while Bullish utilized stablecoins on the Solana network. Separately, Binance received investment from an Abu Dhabi fund.
- Coinbase is developing Base as an Ethereum scaling network, seeking SEC approval for tokenized equities, and planning to support Solana trading.
- Coinbase, Ethereum, and Chainlink are involved in RWA infrastructure development and token issuance.
Chainlink and Ethereum Compete for Tokenized Asset Market Share
What happened
Chainlink and Ethereum are both tapping into the tokenization trend, which involves shifting treasuries, funds, and bank deposits onto blockchains. Currently, tokenized assets on public blockchains (excluding stablecoins) are valued at roughly $31 billion, with Ethereum holding more than half of that value. In 2026, Chainlink gained 7% while Ethereum declined.
From aol.com
Why it matters
The two platforms are competing in the tokenization space, where assets are recorded and ownership is transferred on a shared ledger. This competition is central to the broader trend of bringing real-world assets onto blockchains.
Coinbase, Ethereum, and Chainlink are involved in real-world asset infrastructure development and token issuance.
From aol.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EthereumSpeculative
Ethereum could face increased competition for market share in the tokenized asset space.
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The entities involved
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Chainlink
distributed oracle network
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Ethereum
public blockchain platform with programmable transaction functionality