Coinbase CEO Brian Armstrong says a burgeoning crypto sector could mirror the explosive growth of stablecoins, calling the opportunity “huge” as blockchain technology continues to reduce friction in global markets.
In a new discussion hosted by Goldman Sachs, Armstrong cites the rise of stablecoins as a case study.
He notes that although early critics questioned the need for a digital dollar, demand exploded as people in high-inflation countries sought access to dollar-denominated assets. Stablecoins have also streamlined payments for commercial, cross-border, and business-to-business transactions, helping to generate approximately $30 trillion in stablecoin payments volume over the past year.
Armstrong said he believed a similar transformation could occur in stocks via symbolic actions. Under this model, traditional shares held by custodians could be mirrored by on-chain tokens, potentially expanding access to global investors who currently lack brokerage accounts.
He highlighted several benefits, including 24/7 trading, fractional ownership, and the ability to experiment with new market structures already common in crypto, such as perpetual futures. Armstrong also highlighted programmable governance features as a potential innovation, such as restricting shareholder voting rights to long-term holders via smart contracts.
Although he said it’s still unclear exactly how tokenized stocks would develop, Armstrong argued that crypto’s ability to reduce friction and enable experimentation could accelerate adoption, just as it did with stablecoins.
Follow us on X, Facebook and Telegram
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
