---
title: "Coinbase CEO Backs Tokenizing COIN Stock to Broaden the Company’s Shareholder Base"
url: https://thecoingazette.com/coinbase-ceo-backs-tokenizing-coin-stock-to-broaden-the-companys-shareholder-base/
date: 2026-11-06
modified: 2026-11-06
lang: en
author: "Coin Gazette Editorial"
description: "Coinbase CEO Armstrong supports tokenizing Coinbase stock to broaden ownership; major firms object to tokenization on OKX-ICE platform."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
image: https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?w=1400&fit=1400,960&ssl=1
word_count: 91
---

# Coinbase CEO Backs Tokenizing COIN Stock to Broaden the Company’s Shareholder Base

Coinbase CEO Brian Armstrong said on X that he supports tokenizing Coinbase stock because he wants more people to own shares in the company. He argued that alienating a potential new category of shareholders is bad for business and that companies should meet customers where they are.Meanwhile, 67 companies, including Apple, Tesla, Nvidia, and Meta, have objected to their own shares being tokenized and traded on OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE). These include 56 of the 62 companies initially targeted by the platform, or approximately 90.3%.