Tokenized Stocks Take Off on Base With Carry Trade Vaults
Base has become the go-to platform for trading and lending tokenized stocks after Coinbase's product went live on the ecosystem two days ago. The initial lineup of tokenized equity positions covers four of the most traded names in traditional markets: Apple (AAPLc), Nvidia (NVDAc), Meta (METAc), and Alphabet (GOOGLc).
These B20 tokens represent a 1:1 claim on real U.S. shares held in regulated custody by Alpaca, allowing users to generate yield by lending and borrowing against tokenized equity positions. The integration with Chainlink price feeds is crucial for lending markets where accurate real-time valuations determine whether a position gets liquidated.
On launch day alone, roughly $4.55 million worth of tokenized stocks were minted, approximately $3.06 million in DEX liquidity was seeded across trading pairs, and total trading volume hit $10.8 million.
The protocols building these vaults are not Coinbase itself. Independent teams, including Superform, IPOR, 628 Labs, and Portals, have built yield products on top of the B20 standard, creating carry trade vaults that allow users to generate yield by lending and borrowing against tokenized equity positions.