The decentralized finance (DeFi) community is experiencing renewed interest as Coinbase explores the possibility of bringing its stock on-chain, coinciding with a more crypto-friendly stance from the SEC. This development has sparked discussions about tokenized securities. Backed, a real asset tokenization platform backed by Coinbase, has launched a tokenized version of Coinbase's stock, designated as $wbCOIN, on the Base blockchain. The Aerodrome USDC/wbCOIN pool currently holds approximately $180,000 in liquidity. The launch follows the first-ever White House Crypto Summit and reflects a broader trend of companies like OpenSea and Robinhood also venturing into tokenization. Coinbase's previous attempt to tokenize stocks in 2020 was blocked by the SEC, raising questions about whether this new initiative will gain traction in the evolving regulatory landscape.