Coinbase’s tokenized stock tokens launched on the Base network generated $227.7 million in decentralized exchange volume in roughly 30 days. The tokens, representing Nvidia, Apple, Meta, and Alphabet shares with 1:1 backing held by custodian Alpaca, saw market capitalization surge from $4.55 million on launch day to over $20 million. Nvidia’s token alone accounted for 57% of first-week volume. The tokens trade 24/7, support fractional ownership, and integrate with DeFi protocols through Aave, Morpho, 0x, and 1inch. The service is available exclusively to non-US users. The broader tokenized equities sector saw a 415% volume surge over 30 days, reaching $29.5 billion.
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