Coinbase is the latest company to enter the tokenized RWA market with its own tokenized stocks product. The crypto exchange joins rivals like Gemini and a wave of high-potential platforms, such as Edel Finance and Ondo Finance, in the on-chain equities space. These movements prove that tokenized real-world assets are moving from narrative to infrastructure, targeting mainstream adoption.

The tokenized RWA market is rapidly growing and pitting tokenized stock providers against each other. Edel Finance aims to fill a different role, providing an on-chain securities lending and borrowing infrastructure that allows users to earn yield from their tokenized equities without having to sell them.
Is the Tokenized RWA Market Already Overcrowded?
Coinbase’s recent move shows that the company is actively pursuing expansion into other areas. Tokenized equities seem the logical choice as the crypto trading sector becomes increasingly competitive.
Max Branzburg, Coinbase’s head of consumer and business products, commented on the company’s latest move and plans:
“We aim to offer the greatest variety of contracts available on one platform. We expect existing customers will bring all of their assets under one roof, while we reach a new subset of consumers.”
The company has partnered with Kalshi to expand. However, the collaboration is not exclusive, and the exchange will look to partner with other platforms in the future.
Coinbase’s plans to create an all-inclusive platform for multiple asset classes align with a growing trend in the crypto industry. Other companies, such as Kraken, Gemini, and Robinhood, have expanded their offerings to include tokenized equities.
Meanwhile, Ondo Finance, a real-world asset (RWA) issuer, has announced plans to launch a tokenized stock and exchange-traded fund (ETF) trading platform on the Solana blockchain in 2026.
This rapid increase in participants in the tokenized RWA market may hint at an already overcrowded market. However, analysts see a blossoming financial sector with significant future potential. Brokerage experts at Citizens Financial have estimated that prediction markets are currently generating nearly $2 billion in revenue. Moreover, that figure could increase by 500% by 2030 as more companies enter the market.
How Edel Finance Stands Out in the Market
The Edel Finance ecosystem stands out from traditional finance platforms and existing DeFi protocols through its infrastructure-first approach, designed to scale for institutional use. The platform focuses exclusively on tokenized equities rather than volatile crypto assets, prioritizing transparent, on-chain securities lending.
Edel positions itself between the growing number of tokenized stock providers and buyers. The platform focuses on lending, collateralization, and transparent pricing. Moreover, it eliminates the need for intermediaries, such as prime brokers and custodians.
Edel’s CEO, Andrés Soltermann, commented on the platform’s role in the market:
“Tokenized stocks solve the problem of access, but access alone does not create a functioning market. Without lending, borrowing, and short-selling infrastructure, tokenized equities remain static representations rather than productive financial instruments. Real markets require capital efficiency, liquidity, and risk management, and that is the gap Edel is built to address.”
According to the official Edel Finance documentation, the platform’s protocol operates through interconnected smart contracts that manage liquidity pools, interest rates, and risk parameters across supported assets. This system gives users access to several benefits, including:
- Yield earnings from lending on-chain representations of real-world stocks
- Borrowing stable assets using stocks as collateral
- On-chain long and short stock exposure.
- Fully automated collateral management and liquidation logic
- Transparent interest rates are determined by supply and demand.
Users can buy tokenized equities and stocks using the native $EDEL token or bETH. The platform is still in the testnet phase, with the full product expected to ship soon. From then on, Edel will allow users to enrich their portfolios with on-chain representations of stocks from major companies, including NVIDIA, Apple, Tesla, and Meta.

The Edel Finance protocol is built for safe and transparent securities lending.
What You Need To Know About Tokenized Equities
Tokenized equities and stocks are increasingly appealing for traders worldwide. They offer several benefits, including fractional ownership, 24/7 global trading, and faster settlement. According to rwa.xyz, the market’s value has surpassed $18 billion in 2025, up 400% from the previous year.
Edel Finance joins the market alongside larger, more established companies to contribute to the sector’s growth. Its focus on market structure and efficiency rather than asset issuance helps it stand out and carve a niche with significant potential.
Andrés Soltermann summarized Edel Finance’s impact on the market:
“Exchanges bring assets on-chain, but infrastructure determines what those assets can actually do. Edel is focused on building the capital markets layer that allows tokenized equities to function like real, productive financial instruments.”
FAQs
Is Edel Finance a better choice than Coinbase’s tokenized equities?
Edel Finance and Coinbase share the same market but serve different functions. The largest crypto exchange in the US is a provider of on-chain representations of real-world assets. Edel delivers an infrastructure layer, focusing on asset diversification, lending, and collateralization.
What makes the tokenized RWAM market viable?
The tokenized real-world asset (RWA) market can bridge TradFi with blockchain technology, delivering increased liquidity, fractional ownership, transparency, and operational cost savings. Innovative services, such as Edel’s securities lending infrastructure, increase ownership flexibility and financial utility.
Can stock traders maximize their portfolio on the blockchain?
Traditional finance traders can enhance the value of their portfolios by joining the tokenized RWA market. Edel Finance provides secure, transparent yield-earning opportunities through lending and collateralization, with access to deep liquidity and interest rates determined by supply and demand.
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