Coinbase Tokenized Stocks Surpass $20M in Market Cap

Tokenized stocks on Coinbase's Base network have seen significant growth since their launch just days ago. By August 25, the total supply of tokenized equities had reached $16.5 million, with 24-hour decentralized exchange volume hitting $22.6 million.

This growth is notable because the trading volume exceeded the total supply of issued tokens, indicating rapid asset turnover. The market capitalization of these tokenized stocks has surged from around $5 million to over $20.7 million, a fourfold increase in just a few days.

The tokenized stocks are available exclusively to non-US users operating self-custody wallets and are backed 1:1 by actual shares held in custody through Alpaca. Chainlink provides price feeds for these tokens on a 24/5 basis, adjusted for dividends.