Coinbase and Kraken are competing to bring stock trading on-chain, offering tokenized versions of Apple and Nvidia stock while utilizing the Base blockchain network.

The entities involved

• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • Citi is utilizing Coinbase for digital asset infrastructure.Mon 17:31
  • Coinbase operates as a leading regulated crypto exchange, utilizing its Base Layer-2 network built on Ethereum, and shares revenue with Circle in the USDC ecosystem.Mon 04:46
• Kraken →

  cryptocurrency exchange

  • Payward announced integrations with Nasdaq and the London Stock Exchange, while placing Kraken under its corporate umbrella.Thu 09:54
  • The SEC has sued Ripple over unregistered security claims. In response to the legal uncertainty, Kraken pulled XRP listings, and Coinbase also suspended XRP trading.Wed 23:17
• Apple Inc. →

  American multinational technology company based in Cupertino, California

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • Apple Inc. stock is traded on Nasdaq, and Jefferies Financial Group restated a hold rating on the company.Mon 17:22
• Nvidia →

  American multinational technology company

  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
  • Nvidia is expanding its platform deployment across major cloud providers, including Google Cloud and Microsoft Azure.Mon 17:31

Related events

• Coinbase, Ethereum, and Chainlink are involved in RWA infrastructure development and token issuance.Aug 25
• Coinbase awaits clearer rules from the SEC as Chair Paul Atkins pushes innovation exemptions for tokenized assets, with Nasdaq building supporting platforms.Aug 14
• Coinbase launched tokenized shares of Apple Inc. on the Base blockchain, utilizing Alpaca for custody.Aug 25
• Coinbase utilizes its Base L2 network and competes with Robinhood for tokenized stock trading market share.Sep 22
• Bybit is offering tokenized shares of major companies, including Apple Inc., Coinbase, SpaceX, and Amazon, as underlying assets.Aug 7