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.

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.

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.

New Developments in the Base Ecosystem

• Base launched 25 new products and integrations in August 2026, including stablecoins, decentralized finance solutions, and AI-driven payment infrastructure.
• MXNB, a stablecoin pegged to the Mexican peso, was introduced, facilitating deposits and withdrawals on Base.
• ZARU, a 1:1 rand-backed stablecoin, launched for rapid onchain settlements in Africa.
• Credifi began offering unsecured loans up to $3,000 based on Ethos credibility scores, challenging traditional overcollateralization norms.
• AWS AgentCore Payments was integrated to enable micropayments on Base using the x402 payment standard, allowing AI agents to programmatically pay for services.
• Regulated S&P 500 dShares are now available to US users, increasing trading volumes in tokenized stocks on Coinbase's infrastructure.
• Base's total value locked (TVL) surpassed $5 billion as of August 2026, solidifying its position among the top Ethereum Layer 2 solutions.
• The monthly recap format has become a staple of Base's communication strategy, highlighting ongoing builder activity across various sectors.