Coinbase, Kraken and Binance Push Deeper Into Tokenization as Capital Shifts

Decrypt

by Stacy Elliott

February 24, 2026

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Coinbase, Kraken and Binance Push Deeper Into Tokenization as Capital Shifts

Coinbase, Kraken, and Binance are deepening their forays into tokenized assets despite a broader crypto market downturn. Tokenization, which represents real-world assets like stocks, bonds, or real estate as digital tokens on blockchain, has seen significant growth—nearly 300% year over year—from $6.3 billion to $25 billion in total value. This trend reflects a shift in investor behavior, with capital moving toward structured products that offer perceived durability and flexibility. Coinbase recently integrated Yahoo Finance tickers directly into its exchange, allowing users to trade both crypto assets and tokenized stocks seamlessly. The move aims to blur the lines between traditional and digital investments, aligning with Coinbase's vision of an "Everything Exchange." Meanwhile, Kraken launched regulated tokenized equity perpetual futures for non-U.S. clients, offering up to 20x leverage on its platforms. These products provide a new level of accessibility and speed for trading traditional assets, mirroring the crypto market's efficiency. Binance is also expanding its tokenization efforts through Ondo Finance, offering curated tokenized assets via its Binance Alpha platform. While these tokens provide exposure to underlying assets, they do not confer all shareholder rights, such as voting rights. This highlights a growing trend among major exchanges to leverage blockchain technology for distributing and trading real-world assets in a more programmable manner. The rise of tokenization is significant because it bridges traditional finance with decentralized technologies, offering investors the ability to trade and manage assets with greater speed and flexibility. As capital continues to flow into these structured products, it underscores the potential for blockchain to transform global markets, making them more accessible and dynamic. This trend not only diversifies investment options but also signals a broader adoption of crypto-like efficiencies in traditional finance.

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Originally published on Decrypt on 2/24/2026