BULLISHCore thesis · 5/5

Tokenized stocks as a global finance primitive

The guest argued that tokenizing equities on Base brings the world's largest asset class into a programmable, 24/7, globally accessible on-chain economy, unlocking new financial applications.

Coinbase Launches Tokenized Stockson Bankless

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The story so far

CONTESTED · 206 MENTIONS · 98 EPISODES · 28 SHOWS

14 JUL 2025 — 25 AUG 2026 · 2D AGO

121 SUPPORT · 10 CHALLENGE · 75 MENTIONED

14 JUL 2025 · FIRST HEARD
MACRO MUSINGS WITH DAVID BECKWORTH
- Stablecoins as a marginal treasury demand source
53 EPISODES BETWEEN · 105 MENTIONS · 38 NOT KEPT
1. 38 EPISODES NOT SHOWN
2. 21 MAR 2026
  SMARTERMARKETS · 2 MENTIONS
  - Tokenization's institutional adoption accelerates
  - Traditional market infrastructure solid for DeFi integration
3. 23 MAR 2026
  ANIMAL SPIRITS · 5 MENTIONS
  - Bitcoin ETFs are a mature, permanent asset class
  - Crypto value shifts to utility and infrastructure
  - In-kind ETF creations democratize primary market access
  - Stablecoins as the bridge to traditional finance
  - Tokenization momentum building with institutional backing
4. 24 MAR 2026
  THE POMP PODCAST
  - Stablecoins as critical infrastructure for 24/7 settlements
5. 25 MAR 2026
  THE POMP PODCAST
  - Blockchain rails as a response to debanking, censorship
6. 30 MAR 2026
  BANKLESS
  - Crypto beyond Bitcoin for value creation
7. 30 MAR 2026
  MACRO MUSINGS WITH DAVID BECKWORTH
  - Dollar stablecoins threaten eurozone monetary sovereignty
8. 31 MAR 2026
  ON THE MARGIN · 5 MENTIONS
  - Open Money Stack: one API for global payments
  - Stablecoins solve global payroll for EORs
  - Blockchain's three core value propositions
  - AI agents will transact in crypto
  - Stablecoin cards as a major growth driver
9. 1 APR 2026
  FORWARD GUIDANCE · 3 MENTIONS
  - Skinny master accounts as a step for fintech innovation
  - Stablecoin inflows could lower the neutral rate
  - Tokenized deposits as a bank service evolution
10. 1 APR 2026
  THE JULIA LA ROCHE SHOW · 2 MENTIONS
  - Stablecoins and CBDCs reduce Fed's power
  - Stablecoins as a US geopolitical dollar-entrenching tool
11. 1 APR 2026
  THE POMP PODCAST
  - Corporate chains as a major 2024 theme
12. 6 APR 2026
  MACRO MUSINGS WITH DAVID BECKWORTH
  - Dollar stablecoins: pernicious and no additionality
13. 7 APR 2026
  ON THE MARGIN
  - Demo as the stablecoin onboarding ramp
14. 7 APR 2026
  BANKLESS · 5 MENTIONS
  - Tokenized securities as future broker-dealer offering
  - Tokenization as inevitable migration for equity markets
  - Tokenization unlocks massive equity market inefficiencies
  - Tokenization unlocks new issuer-investor utilities
  - Tokenized treasury market as a leading growth catalyst
15. 9 APR 2026
  ON THE MARGIN
  - Bridgeport as crypto's Plaid for institutions
16. 9 APR 2026 · CHALLENGES
  THE POMP PODCAST · 3 MENTIONS
  - Bitcoin's value is retail-driven, not institutional
  - Stablecoin yield faces political bank opposition
  - TradFi perps will fail due to broken clearing
17. 10 APR 2026
  REAL VISION DAILY BRIEFING
  - Financial system migrating to blockchain rails
18. 15 APR 2026
  WHAT BITCOIN DID · 2 MENTIONS
  - Bitcoin as the deglobalization settlement money
  - Bitcoin's long-term adoption via currency backing
19. 20 APR 2026
  ON THE MARGIN · 3 MENTIONS
  - Stablecoins as the new financial rail
  - Stablecoins' first wave: cross-border efficiency
  - Wallets as the critical crypto bottleneck
20. 23 APR 2026
  ON THE MARGIN · 2 MENTIONS
  - UR as blockchain-native account infrastructure
  - Blockchain rebuilds finance to reduce cost, unlock programmability
21. 22 JUL 2026
  REAL VISION DAILY BRIEFING
  - Clarity Act passage as short-term sell-the-news
22. 23 JUL 2026
  THE OPTIONS INSIDER RADIO NETWORK
  - Centralized swap clearing vs DeFi model
23. 23 JUL 2026
  UNCHAINED
  - Japan legal reforms unlock institutional crypto growth
24. 23 JUL 2026
  BANKLESS
  - The bottleneck in real-world assets: demand
25. 23 JUL 2026
  BLOOMBERG SURVEILLANCE
  - Tokenized market infrastructure for settlement efficiency
26. 25 JUL 2026 · CHALLENGES
  THE JULIA LA ROCHE SHOW
  - Clarity Act passage unlikely, forcing stablecoins offshore
27. 25 JUL 2026
  THE POMP PODCAST
  - Global adoption of stablecoins and tokenization accelerating
28. 27 JUL 2026
  ANIMAL SPIRITS
  - Stablecoins drive institutional efficiency across banking rails
29. 27 JUL 2026
  BANKLESS
  - Institutional TradFi adoption via marginal crypto primitives
30. 29 JUL 2026
  BANKLESS
  - Stablecoin supply projected to reach $2T by 2030
31. 29 JUL 2026
  UNCHAINED
  - Crypto infrastructure shifts from consumer to institutional adoption
32. 31 JUL 2026 · 4W AGO
  UNCHAINED · 3 MENTIONS
  - Superstate's tokenized equity as a crypto experiment
  - Permission pools enable compliant tokenized assets
  - Regulatory clarity as a platform for token innovation
33. 1 AUG 2026 · 4W AGO
  A16Z PODCAST
  - Blockchains enable a peer-to-peer Finance 2.0 upgrade
34. 3 AUG 2026 · 3W AGO
  MACRO MUSINGS WITH DAVID BECKWORTH · 3 MENTIONS
  - Stablecoins as a new, risky dollar class
  - Stablecoins undermine dollar's sanctions advantage · CHALLENGES
  - CBDCs and tokenized deposits over stablecoins
35. 3 AUG 2026 · 3W AGO
  BANKLESS · 7 MENTIONS
  - Buy-and-burn model as a necessary signal
  - Infrastructure build-out enabling tokenization
  - Crypto's shift from FAT protocol to FAT app
  - On-chain capital efficiency for tokenized assets
  - Token as the financial shipping container
  - Cypherpunk dream alive but not loud
  - Stablecoins heading to trillions by 2030
36. 3 AUG 2026 · 3W AGO
  THE POMP PODCAST · 3 MENTIONS
  - Crypto's convergence with traditional finance
  - Killer use cases: putting assets to work
  - Blockchain as the future financial infrastructure
37. 4 AUG 2026 · 3W AGO
  UNCHAINED
  - DTCC's tokenized entitlement is a different, limited model
38. 5 AUG 2026 · 3W AGO
  BANKLESS · 6 MENTIONS
  - Higher-quality on-chain assets to smooth cycles
  - Consumer crypto as a contrarian investment area
  - Crypto cycle: lower volatility, themes building
  - Crypto's role in nascent compute markets
  - Token value accrual shift to equity-like assets
  - Crypto's right product: better financial infrastructure
39. 5 AUG 2026 · 3W AGO
  WHAT BITCOIN DID · 2 MENTIONS
  - Crypto regulatory clarity's upside case
  - Bitcoin regulatory clarity's institutional impact
40. 5 AUG 2026 · 3W AGO
  THE POMP PODCAST
  - Cold Card hack pushes Bitcoin custody to institutions
41. 6 AUG 2026 · 3W AGO
  UNCHAINED
  - Litigation as path to crypto accountability
42. 9 AUG 2026 · 3W AGO
  UNCHAINED · 4 MENTIONS
  - DeFi vaults' risk must be understood, not eliminated
  - Vaults as on-chain financial product infrastructure
  - Regulatory attention on vaults is inevitable and good
  - Enterprise distribution is the right path for DeFi
43. 9 AUG 2026 · 3W AGO
  ON THE MARGIN · 3 MENTIONS
  - Sovereign digital infrastructure as a B2G crypto pivot
  - Stablecoins as future global P2P payment rail
  - National stablecoins for domestic financial digitization
44. 10 AUG 2026 · 2W AGO
  MACRO MUSINGS WITH DAVID BECKWORTH · 2 MENTIONS
  - Stablecoins redistribute, don't create, safe assets
  - Stablecoin demand could compress T-bill yields
45. 10 AUG 2026 · 2W AGO
  WHAT BITCOIN DID · 2 MENTIONS
  - Bitcoin loan securitization unlocks institutional capital
  - Tether Gold as a digital rails catalyst
46. 11 AUG 2026 · 2W AGO
  UNCHAINED
  - Spark as infrastructure for new stablecoin issuance
47. 11 AUG 2026 · 2W AGO
  THE POMP PODCAST
  - Bitcoin as a bet on the internet
48. 14 AUG 2026 · 2W AGO
  BANKLESS · 3 MENTIONS
  - EtherFi's neobank-plus as first non-gambling crypto app
  - EtherFi's vertical integration endgame
  - Crypto-to-crypto as the ultimate payments rail
49. 15 AUG 2026 · 2W AGO
  SMARTERMARKETS
  - Government support critical for trust in new gold markets
50. 16 AUG 2026 · 2W AGO
  MONETARY MATTERS WITH JACK FARLEY
  - Compute as a future tradable asset class
51. 17 AUG 2026 · 1W AGO
  A16Z PODCAST · 2 MENTIONS
  - Microtransactions enabled by agents and stablecoins
  - Stablecoins as a superior global payments platform
52. 17 AUG 2026 · 1W AGO
  BANKLESS · 2 MENTIONS
  - Bitcoin needs strong crypto ecosystem
  - Crypto's real use case: unstable economies
53. 17 AUG 2026 · 1W AGO
  THE POMP PODCAST
  - Blockchain as inevitable capital markets infrastructure
54. 18 AUG 2026 · 1W AGO
  THE OPTIONS INSIDER RADIO NETWORK · 2 MENTIONS
  - Regulatory clarity as crypto's biggest catalyst
  - Crypto's institutional demand is a supply chain problem
21 AUG 2026 · 6D AGO
BANKLESS · 2 MENTIONS
- Stablecoin accounting win for Circle
- AMMs as the passive index funds of trading
21 AUG 2026 · 6D AGO · CHALLENGES
COMMODITY CULTURE
- Digital control as the system's endgame
22 AUG 2026 · 5D AGO
UNCHAINED · 2 MENTIONS
- Tokens as a superior, low-friction financial technology
- Crypto's perfect use case: AI inference payments
24 AUG 2026 · 3D AGO
BANKLESS
- Tokenization and AI as next crypto growth vectors
25 AUG 2026 · 2D AGO
BANKLESS
- Tokenized stocks as a global finance primitive · THIS IDEA
25 AUG 2026 · 2D AGO
WHAT BITCOIN DID
- Bitcoin's trifecta: Bitcoin, Monero, stablecoins

HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD