A major U.S. financial institution has recently upgraded its rating on Coinbase to 'Buy,' citing strong growth catalysts tied to the Base ecosystem and accelerating tokenization trends. The move signals growing institutional confidence in how leading exchanges are positioning themselves within the evolving blockchain landscape. Base, Coinbase's Layer 2 solution, has been gaining traction as a key infrastructure for decentralized applications and on-chain activity. Meanwhile, the broader tokenization narrative—converting real-world assets into blockchain-based digital tokens—continues to attract mainstream financial players. This convergence of institutional adoption, robust technical infrastructure, and emerging use cases appears to be reshaping how traditional finance views crypto market participants. The upgrade reflects analyst expectations that platforms facilitating this shift could capture significant value as Web3 infrastructure matures and asset tokenization becomes increasingly mainstream.