Coinbase Brings Tokenized Stocks to Blockchain with $228M DEX Volume

Coinbase has rolled out tokenized versions of US tech stocks on its Base layer-2 network, including Nvidia, Apple, Meta, and Alphabet. These tokens represent actual shares held in regulated custody, enabling true equity ownership on the blockchain.

The tokenized stocks have already seen significant adoption, with over $228 million in decentralized exchange volume within a month of launch, reaching daily volumes of about $100 million.

Coinbase plans to expand its offering and create an 'everything exchange' where users can trade crypto, stablecoins, and fractional stocks, enhancing DeFi capital efficiency.