Tokenized Stocks in 2025: Coinbase, Edel Finance & Ondo Finance Set To Assume Major Roles
Coinbase has announced the launch of its tokenized stocks platform.
The largest U.S. crypto platform has described the tokenized stock offering as an “everything application,” where users will be able to trade popular equities such as NVIDIA, Tesla, and Meta, according to a Bloomberg report citing unnamed Coinbase sources.
The Coinbase report coincided with Ondo Finance’s announcement that it will be launching a tokenized stocks and ETF trading platform on the Solana blockchain, while the testnet for its tokenized stock lending and borrowing answer also went live.
Coinbase ($COIN), Ondo Finance ($ONDO), and Edel Finance () are positioned to become dominant players in the increasingly valuable tokenization market, which, according to RWA.xyz, has viewn its total value grow by more than 400% over the past year alone.
Why Tokenized Stocks Could Be the largegest Winners in 2026
The Coinbase and Ondo announcements are part of a broader trend in financial markets towards tokenization.
From a technical perspective, tokenized equities represent a shift toward wallet-based ownership and on-chain settlement, reducing reliance on traditional custodians and fragmented clearing systems. This structure enables quicker settlement, global accessibility, and continuous market availability compared with legacy equity infrastructure.
Beyond technical improvements, the market opportunity itself is expanding rapidly. A report from estimates that the tokenized asset market could exceed $13 trillion by the end of the decade.
Companies that capture a meaningful share of this growth stand to benefit significantly, as do investors holding their equity and crypto-native tokens.
Mordor Intelligence views asset tokenization growing into a multi-trillion-dollar industry. Source: Mordor Intelligence
Coinbase’s Role: Distribution and Market Access
Coinbase’s move into tokenized assets signals a major shift in the tokenization industry. The sheer scale of Coinbase, which serves more than 100 million users, has the potential to unlock a surge in demand for these assets, bringing with it significant liquidity from both institutional and retail traders.
In this context, Coinbase’s primary role is distribution. Its existing custody infrastructure, regulatory positioning, and user-friendly interface place the platform in a strong position to onboard users into tokenized equities at scale. By integrating stocks alongside crypto-native assets, Coinbase could normalize tokenized equities for a mainstream audience.
Despite the announcement, Coinbase ($COIN) stock has traded largely flat over the past few days, with year-over-year gains remaining in the single digits, reflecting a broader downturn in crypto-linked equities. However, longer-term upside potential could be unlocked if Coinbase establishes itself as the leading centralized platform for tokenized assets.
Ondo Finance: Bridging Traditional Finance and On-Chain Assets
Ondo Finance ($ONDO) was one of the first movers in the tokenized asset market. The platform has successfully launched several tokenized products, with its OUSG asset representing a tokenized short-term U.S. Treasury that distributes daily yield directly to the wallet holding the asset.
Ondo’s Nexus answer allows treasuries and stablecoins to be instantly minted while providing a structured redemption process. This product has primarily targeted institutional users and has opened the door to partnerships with some of the largest names in traditional finance, including BlackRock and Franklin Templeton.
Ondo recently announced plans to launch a Solana-based product for tokenizing assets, including platform-traded funds (ETFs). The announcement has done little to move the $ONDO price, which has struggled this year, shedding more than 80% of its value and leaving its market capitalization just above $1 billion.
Edel Finance: The On-Chain Securities Lending Layer
“Traditional securities lending has long been dominated by a small group of intermediaries, resulting in opaque pricing, sluggish settlement, and limited access for most market participants,” said Andrés Soltermann, CEO of Edel Finance.
“Despite its importance to global markets, securities lending remains one of the least transparent and least accessible parts of the financial system.”
Tokenization opens the door to overcoming these shortcomings, but simply moving assets on-chain does not solve the difficulty; this requires an additional answer built on top of the base infrastructure,” Soltermann continued.
Edel Finance aims to provide the answer by using smart contracts to automate lending, borrowing, and collateral management for tokenized stocks. They aim to create a transparent, efficient, and globally accessible securities lending layer that allows equities to be used as productive financial assets.
The integrates multiple financial networks and DeFi protocols, including Ondo Finance and Chainlink, to bring this vision to life. The team launched the Edel testnet on December 15, demonstrating how the platform will operate once fully deployed.
Functionally, Edel can be viewed as an Aave-style lending market for equities. Users can earn yield by lending tokenized stocks such as Tesla and Meta, or borrow these assets by posting tokenized equities or crypto as collateral, enabling on-chain long and short exposure.
The project’s native $EDEL token launched last month on Base. Its market capitalization briefly exceeded $50 million before a pullback, and it has since found support above $10 million. The testnet launch was followed by a 20% price increase as markets responded to product validation.
“As platforms like Coinbase expand access and issuers like Ondo bring assets on-chain, infrastructure becomes the critical next step. Edel is designed to sit between these layers, ensuring tokenized stocks can actually be lent, borrowed, and used efficiently at scale,” concluded Andrés.
Conclusion: The Future of On-Chain Equity Markets
The future of equities trading could well be built on-chain. Coinbase’s announcement has generated additional momentum across the sector and reflects growing competition among major financial players viewking an ahead-mover advantage. Ondo Finance has strengthened its position through its Solana-based tokenization plans, while Edel Finance appears well-positioned to become a key provider of tokenized asset lending and borrowing infrastructure.
FAQs
Which tokenization platform is the best for traders?
The best platform depends on a trader’s goals. platforms like Coinbase will prioritize access and liquidity, while infrastructure-focused platforms such as Edel FInance enable lending, borrowing, and deeper capital efficiency for tokenized equities.
How do Ondo and Edel Finance complement each other?
Ondo focuses on compliant issuance and structuring of tokenized assets, while Edel provides the lending and borrowing infrastructure that allows those assets to be used productively once they are on-chain.
Which tokenized stocks platforms should new and experienced traders use to monetize their portfolios?
New traders may favor platforms offering simple access and custody, while experienced traders often viewk protocols that support lending, collateralization, and yield generation on tokenized equities.
