Coinbase CEO Predicts Fully On-Chain IPOs to Cut Costs and Broaden Access
Coinbase CEO Brian Armstrong said in a recent tweet that he expects companies to one day run the entire IPO process on-chain. He argued that moving public offerings onto blockchain rails would dramatically cut fees, reduce intermediaries, and make participation easier for a wider pool of investors. Armstrong framed the shift as a natural extension of tokenization and the broader growth of crypto infrastructure.
If realized, on-chain IPOs could reshape capital markets by speeding settlement, simplifying custody and creating new regulatory and compliance questions that will determine adoption. Coinbase’s comments highlight how major crypto platforms are positioning to provide tooling for tokenized securities and public listings, but timelines remain uncertain as legal frameworks and institutional appetite evolve. For issuers and investors, the prospect promises lower cost and greater access — provided regulators and traditional intermediaries can adapt.