Tokenization Could Expand Investment Opportunities to 4 Billion People, Potentially Reducing Capital Disparity, Suggests Coinbase

On January 19, the Coinbase Institute released a report on the growing disparity between capital income and labor income. Over the past 40 years, labor income in the United States has increased by 57%, while capital income has surged by 136%, highlighted by Coinbase CEO Armstrong at X. According to the report, approximately 4 billion adults worldwide lack access to stock and bond markets. In the US, 96% of the top 10% of households own stocks, compared to only 17% of the bottom 20%. In emerging countries, stock ownership often remains in the single digits. Traditional financial inclusion efforts have focused on those without bank accounts. However, this report...