Coinbase Drives Tokenized Stock Boom to $29.5 Billion

Tokenized stock transfer volume reached $29.5 billion over the past 30 days, a 415% increase from the previous month, according to RWA.xyz data.

This growth is largely attributed to Coinbase's launch of four initial tokenized stocks on Base, including Nvidia (NVDAc), Meta (METAc), Apple (AAPLc), and Alphabet (GOOGLc) shares, each backed one-for-one by an underlying share.

The monthly active addresses rose 209% to approximately 1.3 million, while the number of holders increased 167% to 2.36 million during the same period.