Armstrong wants Coinbase stock tokenized to pull in more holders

Brian Armstrong wants a piece of Coinbase available to anyone with a wallet. The exchange's CEO said he backs tokenizing Coinbase stock, according to Cointelegraph, framing the move as a way to pull in more shareholders and make ownership reachable for more people.

The pitch is simple: same company, same claim on the business, just wrapped in a token that can move onchain. Armstrong's stated goal is reach — a wider pool of holders rather than a narrower one.

Coinbase already trades publicly, having listed on Nasdaq in 2021, so a tokenized version would sit alongside the traditional shares rather than replace them. Armstrong co-founded the company and has run it as CEO since.

That's all the detail the post carried. No timeline, no structure, no word on how a tokenized share would be issued, backed or regulated. For now it's an endorsement of the idea, not a launch.

It's a notable one coming from the top of a listed crypto company. Armstrong isn't just cheering tokenization from the sidelines — he's saying he'd point it at his own stock.