Coinbase Expands Tokenized Stocks on Base with Six New Listings
Coinbase has significantly expanded its offerings on the Base platform by adding six new tokenized stocks, bringing the total to ten. The latest additions include shares from Amazon, Microsoft, SpaceX, Tesla, SanDisk, and MicroStrategy, which is now branded as Strategy.
This expansion follows the initial launch of tokenized stocks on August 24, which featured four tokens representing shares in Nvidia, Apple, Meta, and Alphabet. The first batch generated approximately $4.5 million in minted supply and $10.8 million in trading volume within the first 24 hours.
Tokenized stocks function as digital wrappers around actual shares, with each B20 token representing a 1:1 beneficial claim on an underlying share held in regulated custody by Alpaca. This setup allows for 24/7 trading, fractional ownership, and integration with the decentralized finance (DeFi) ecosystem.
The ten tokenized stocks available on Base now include:
- NVDAc (Nvidia)
- AAPLc (Apple)
- METAc (Meta)
- GOOGLc (Alphabet)
- AMZNc (Amazon)
- MSFTc (Microsoft)
- SPCXc (SpaceX)
- TSLAc (Tesla)
- SNDKc (SanDisk)
- MSTRc (Strategy)
This expansion is particularly beneficial for non-U.S. users who face challenges accessing American equity markets through traditional brokers. The ability to trade fractional shares through a self-custody wallet, especially at local times that suit them, represents a significant shift in accessibility.
With the initial success of the first batch and the introduction of six more stocks, Coinbase is poised to see increased trading volume and may explore further listings in the future.
Updated 19:30 UTC
New Facts on Tokenized Assets
- The number of holders of tokenized real-world assets has surpassed three million, doubling in just 30 days.
- As of early September 2026, there are approximately 3.31 million total asset holders.
- Recent growth has been primarily driven by the tokenization of equities and stocks.
- Consumer-facing platforms like Robinhood have added over 200,000 new holders in a few weeks.
- Centrifuge currently supports around 1,293 holders across 9 assets, with a total distributed value of $1.61 billion.
- Centrifuge's holder base increased by approximately 39.6% month-over-month, from around 1,100 to 1,293 holders.
- Janus Henderson’s JTRSY Treasuries product accounts for roughly $831M to $880M of Centrifuge's value, while the JAAA CLO product represents approximately $703M to $715M.
- Centrifuge’s total value locked (TVL) is near $1.6 billion, down from a peak of nearly $2 billion earlier this year.
- Centrifuge’s CFG governance token has an estimated holder base of 10,600 to 11,000 wallets.
Updated 20:01 UTC
New Developments in Tokenized Stocks
- AMC, the largest movie theater chain, is demanding the removal of its tokenized stocks from Robinhood, citing potential confusion among investors who might mistake these tokens for actual shares.
- AMC CEO Adam Aron has expressed concerns that the current structure of tokenized stocks could face regulatory scrutiny.
- Robinhood has publicly refused to comply with AMC's request, with their Chief Legal Officer stating they are prepared to defend their position legally.
- The conflict highlights the complexities of the legal landscape surrounding tokenized stocks, where buyers hold a debt instrument linked to stock prices rather than actual ownership of shares.
- Investor Ross Gerber has criticized synthetic securities, labeling them as a Ponzi scheme and suggesting they could pose a risk to Robinhood's business model.
- As of now, no legal action has been initiated, and the outcome of this dispute could set a precedent for the future of tokenized stocks.
FAQ
What are tokenized stocks?
Tokenized stocks are digital representations of actual shares, allowing for 24/7 trading and fractional ownership. Each token represents a 1:1 beneficial claim on an underlying share held in regulated custody.
Which new tokenized stocks has Coinbase added?
Coinbase has added six new tokenized stocks: Amazon, Microsoft, SpaceX, Tesla, SanDisk, and MicroStrategy (now branded as Strategy), bringing the total to ten.
How does trading work for tokenized stocks on Coinbase?
Tokenized stocks can be traded through a self-custody wallet, allowing users to buy fractional shares and trade at times that suit them, providing greater accessibility, especially for non-U.S. users.
What was the trading volume for the initial batch of tokenized stocks?
The initial batch of tokenized stocks generated approximately $4.5 million in minted supply and $10.8 million in trading volume within the first 24 hours.
What are the benefits of trading tokenized stocks on the Base platform?
Benefits include 24/7 trading, fractional ownership, integration with the DeFi ecosystem, and improved accessibility for non-U.S. users who may struggle to access American equity markets through traditional brokers.
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