Imagine buying a sliver of a Manhattan office tower the same way you buy a share of Tesla. That is the pitch behind Coinbase Tokenize, the platform CEO Brian Armstrong unveiled on December 17, 2025, designed to turn real-world assets like real estate, equities, and private company stakes into tradable digital tokens.
Six months later, the platform is still labeled “coming soon.” No specific tokens or real estate offerings have been detailed.
What Coinbase is actually building
Coinbase Tokenize is designed as an end-to-end infrastructure layer. It bundles asset issuance, custody, compliance, and trading into a single platform, targeting institutional users who want to tokenize real-world assets and offer them to investors.
Coinbase is not, at this stage, planning to directly offer tokenized real estate itself. Instead, it is building the rails for third-party issuers, the property developers and fund managers who would bring their own assets to the platform.
