Coinbase crypto-backed loans hit $2.3 billion as banks build tokenized deposits

Coinbase's crypto-backed loan book has reached $2.3 billion, while traditional banks are simultaneously developing tokenized deposit products. The figures point to growing institutional adoption of blockchain-based lending and settlement infrastructure. Traders would read this as a constructive signal for crypto credit demand and for the integration of digital assets into mainstream finance, though the story lacks a single hard catalyst.