Backed launches tokenized Coinbase stock wbCOIN on the Base network

ChainCatcher news, the Swiss-based real asset tokenization issuer Backed announced that it has launched the tokenized Coinbase stock wbCOIN on the Base network. Users can exchange it through CoWSwap, with liquidity provided by Aerodrome.

The wbCOIN <> USDC trading pair is now live. It is supported 1:1, can be freely transferred, and has a legitimate claim to the value of COIN stock. Additionally, Backed clarified that it has no affiliation with Coinbase, but simply likes the stock.