Coinbase doubled its tokenized stock lineup on Base, adding six new tickers representing shares in Amazon, Microsoft, SpaceX, Tesla, SanDisk, and MicroStrategy (now known as Strategy), bringing the total to ten tradeable tokenized stocks. The initial batch of four tokens launched on August 24 generated approximately $4.5 million in minted supply and $10.8 million in trading volume within the first 24 hours. Each token maintains a 1:1 backing with real shares held in custodial accounts through Alpaca, enabling 24/7 trading and fractional ownership. The primary target audience comprises non-US users seeking simplified access to American equity markets.
Source: Read the original article
