Coinbase Tokenized Stocks Flood DeFi Platform with $7.5 Million in Deposits

Coinbase's tokenized stocks have gained significant traction in decentralized finance (DeFi) on the Base platform, a product of Coinbase's expansion into DeFi. A substantial deposit of 7.5 million tokens represents 42% of their on-chain market cap, indicating growing confidence and utility in using these assets within DeFi ecosystems.

This development highlights the increasing integration of tokenized stocks into broader financial applications, which could have implications for Base's future token launch prospects. Market participants appear to view this integration as a positive indicator for Base, potentially influencing expectations around the launch of a native Base token.

Currently, market pricing reflects an 8.5% probability of Base launching a token by December 31, 2026, showing a slight decrease from previous figures.