Aerodrome Launches Tokenized Stocks for Tech Giants on Coinbase's Base Network

Aerodrome, a leading decentralized exchange on Coinbase's Base network, has launched tokenized stocks for Nvidia (no ticker given), Meta (no ticker given), Apple (AAPL) and Google (no ticker given). These tokens are backed 1:1 by real shares held in regulated custody and allow non-US users to trade 24/7. The integration with DeFi protocols like Aave enables new financial strategies such as using tokenized stocks as loan collateral.

The launch saw liquidity pools totaling $4.55 million, with significant interest reflected in an 11.3% rise in Aerodrome's governance token. This move marks a significant step in merging traditional equities with decentralized finance, with more tokenized stocks expected soon.