Coinbase-issued tokenized stocks on Base have surpassed $4 billion in cumulative trading volume across decentralized exchanges, only weeks after launching on August 24, 2026. Volume rose from tens of millions of dollars to more than $1 billion by mid-September, then reached $2.26 billion by October 11 and exceeded $3 billion on October 19. Aerodrome captured between 76% and 98% of trading volume during key periods, while more than $260 million was deposited into decentralized finance protocols such as Aave. Each token is backed one-to-one by a real share held in regulated custody and uses the B20 token standard. Issuance is restricted to non-US persons, with the custody arrangement operating under Abu Dhabi regulations.
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