Coinbase reported that its tokenized stocks platform on Base now has approximately 46,700 holders, representing a 97-fold increase in just 30 days. The tokenized equity supply on this Ethereum Layer 2 network has reached approximately $26.5 million. The product launched on August 24 with four US stocks (Nvidia, Apple, Meta and Alphabet) before expanding to ten stocks on September 4 (Amazon, Microsoft, Tesla, SpaceX, SanDisk and Strategy). These tokens, built on Coinbase’s proprietary B20 standard, are exclusively available to eligible non-US users, with trading possible 24 hours a day on decentralized exchanges.
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