Backed launches tokenized Coinbase stock wbCOIN on the Base network

According to the official announcement from Backed, the tokenized version of Coinbase stock COIN, wbCOIN, has now been launched on the Base network. This token is 1:1 supported by COIN stocks, freely transferable, and has the legal right to claim the value of COIN stocks. At present, wbCOIN <& The USDC trading pair has been launched and users can trade on CoWSwap, with liquidity provided by AerodromeFi. Backed emphasized that it has no affiliation with Coinbase and is only interested in the stock. Previously, Base developer Jesse Pollak stated that non US users can already obtain tokenized COIN stocks through Backed. Last week, Coinbase also announced that it is restarting plans to tokenize its COIN stocks and other securities in the United States.