Coinbase launched tokenized stocks on its Base blockchain, starting with fractional shares of Apple and Nvidia available to eligible users outside the United States. These tokens are backed by shares held by Alpaca, a regulated broker, and can be traded on Aerodrome or used as collateral on Aave. The AERO token surged over 13% on the day of the announcement. This initiative follows a trend where US companies offer products inaccessible to American citizens, similar to Robinhood’s own layer-2 chain launch. Hyperliquid’s ecosystem continues to grow with HyperEVM reaching a new all-time high in daily revenue.
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