Uploaded August 2026 | Updated September 2026, 3 weeks ago
Coinbase just launched fully backed tokenized stocks on Base. Dromos Labs’ Alex Cutler says they’ll chip away at Interactive Brokers "77% profit margin."
🔥 EPISODE LINK 🔥
unchainedcrypto.com/how-tokenized-stocks-could-undercut-interactive-brokers-77-profit-margin
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👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt
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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 decentralized exchanges can beat legacy brokers on cost and access.
Cutler points to Aerodrome's roughly 25% share of AMM volume on the new assets, about $80 million traded and 5,000 wallets active within days, plus integrations across nine DeFi protocols including Aave, Morpho, and 1inch.
He argues Interactive Brokers extracts a 77% profit margin as a middleman, and cites Nvidia's earnings, released after the bell, as proof onchain markets kept pricing news around the clock.
They also cover the SEC innovation exemption and a roadmap of more assets, a Centrifuge migration to Aerodrome, and a launch on Circle's Arc chain.
Host:
👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin
Guest:
👉Alex Cutler - CEO and Co-Founder of Dromos Labs - https://x.com/wagmiAlexander
Timestamps:
🪙 01:15 How Cutler splits tokenized stocks: real backing vs synthetic wrappers
📈 04:44 Cutler's launch numbers: 25% of AMM volume, $80M traded, 5,000 wallets
💧 13:10 1inch Aqua: back multiple liquidity positions with one wallet balance at unchainedcrypto.com/go/1inch-yt
🧩 13:59 Why composability across 9 DeFi protocols is Dromos' biggest draw
🌙 19:11 Cutler on 24/5 oracle risk: weekend price gaps are a feature, not a bug
🏛️ 24:23 Cutler on the SEC exemption bid and Armstrong's 10%-of-GDP vision
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
_______________________________________________________
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Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
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Unchained: Your no-hype resource for all things crypto!
Coinbase just launched fully backed tokenized stocks on Base. Dromos Labs’ Alex Cutler says they’ll chip away at Interactive Brokers "77% profit margin."
🔥 EPISODE LINK 🔥
unchainedcrypto.com/how-tokenized-stocks-could-undercut-interactive-brokers-77-profit-margin
========================================================================
Thank you to our sponsor!
👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at unchainedcrypto.com/go/1inch-yt
========================================================================
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 decentralized exchanges can beat legacy brokers on cost and access.
Cutler points to Aerodrome's roughly 25% share of AMM volume on the new assets, about $80 million traded and 5,000 wallets active within days, plus integrations across nine DeFi protocols including Aave, Morpho, and 1inch.
He argues Interactive Brokers extracts a 77% profit margin as a middleman, and cites Nvidia's earnings, released after the bell, as proof onchain markets kept pricing news around the clock.
They also cover the SEC innovation exemption and a roadmap of more assets, a Centrifuge migration to Aerodrome, and a launch on Circle's Arc chain.
Host:
👉 Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin
Guest:
👉Alex Cutler - CEO and Co-Founder of Dromos Labs - https://x.com/wagmiAlexander
Timestamps:
🪙 01:15 How Cutler splits tokenized stocks: real backing vs synthetic wrappers
📈 04:44 Cutler's launch numbers: 25% of AMM volume, $80M traded, 5,000 wallets
💧 13:10 1inch Aqua: back multiple liquidity positions with one wallet balance at unchainedcrypto.com/go/1inch-yt
🧩 13:59 Why composability across 9 DeFi protocols is Dromos' biggest draw
🌙 19:11 Cutler on 24/5 oracle risk: weekend price gaps are a feature, not a bug
🏛️ 24:23 Cutler on the SEC exemption bid and Armstrong's 10%-of-GDP vision
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
_______________________________________________________
Subscribe to our channel!
Website → unchainedcrypto.com
Unchained Daily Newsletter (FREE!)→ unchainedcrypto.beehiiv.com/subscribe
Unchained X → https://x.com/unchained_pod
Apple → podcasts.apple.com/us/podcast/id1123922160?ls=1
Spotify → open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w
RSS Feed → https://feeds.megaphone.fm/LSHML4761942757
Unchained: Your no-hype resource for all things crypto!
