How Tokenized Stocks Could Undercut Interactive Brokers' 77% Profit Margin
Published: August 28, 2026
Duration: 31:43
Coinbase just launched fully backed tokenized stocks on Base.
Dromos Labs’ Alex Cutler says they’ll chip away at Interactive Brokers "77% profit margin."
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Coinbase this week launched tokenized versions of Apple, Nvidia, Meta, and Google stock on Base, moving past the prior synthetic tokenized-stock wrappers. The tokens are fully backed, held in trust, with ETF-style minting and redemption.
Alex Cutler, CEO and Co-Founder of Dromos Labs, joins Laura Shin to unpack what real backing changes about tokenized stocks, and to argue dec...