TechFlow reported that Backed, a Switzerland-based real-world asset tokenization issuer, announced the launch of wbCOIN—the tokenized version of Coinbase (COIN) stock—on the Base network. Users can now trade wbCOIN on CoW Swap, with liquidity provided by Aerodrome Finance.
The token is paired with USDC and uses a 1:1 peg mechanism, allowing holders to freely transfer tokens and hold legal rights to the value of COIN stock.
Notably, this project is not affiliated with Coinbase the company.




