Coinbase launched tokenized US equities on its Base blockchain on Monday, with four tech stocks available: NVDAc, METAc, AAPLc and GOOGLc, tracking Nvidia, Meta, Apple and Alphabet. The combined onchain value of these tokens reached approximately $4.55 million late Monday, with $10.8 million in 24-hour DEX volume. The underlying shares are bought and held in segregation by Alpaca Securities LLC, an SEC-registered broker-dealer, while Coinbase Onchain SPV Ltd, a subsidiary based in Abu Dhabi, issues the tokens with creation fees of 1 basis point and redemption fees of 5 basis points. The tokenized public equities market currently stands at $2.48 billion, up 5.18% over 30 days, led by Ondo Finance with $872.7 million.
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