Token Terminal Introduces Tokenized Stocks for Alphabet, Nvidia, and Apple on Base

Token Terminal has expanded its offerings by adding GOOGLc, NVDAc, and AAPLc to its tokenized assets dashboard, allowing users to track blockchain-based versions of Alphabet Inc., Nvidia, and Apple stocks, respectively. These tokens, launched on August 24, 2026, are designed for non-US investors and provide a 1:1 representation of the underlying shares held in custody.

Details of the Tokenized Stocks

• GOOGLc: Represents Alphabet Class A shares, with a market cap of approximately $1.5 million.
• NVDAc: Offers exposure to Nvidia common stock, achieving a market cap between $2.4 million and $2.63 million shortly after launch.
• AAPLc: Tokenized representation of Apple stock, currently valued at around $1.29 million.

Each token is issued by Coinbase Onchain SPV Ltd. and operates on Base, Coinbase’s Layer 2 network. The underlying shares are held in segregated custody by Alpaca Securities, ensuring that they are not mixed with other assets. This structure also allows for corporate actions like dividends to be processed on-chain.

Market Impact and Trading Features

The introduction of these tokenized stocks reflects a growing trend in the tokenized assets category, which now exceeds a total market capitalization of $345 billion. The ability to trade these tokens 24/7 offers significant advantages over traditional stock markets, which close during weekends and holidays. This continuous trading capability allows for immediate reactions to market changes, such as earnings announcements.

Furthermore, the launch of carry trade vaults by third-party protocols on Base enables users to generate yield by leveraging their tokenized equity positions. This integration with DeFi infrastructure allows for innovative financial strategies that were previously unavailable in traditional finance.

Conclusion

Token Terminal’s move to track these tokenized equities positions it as a bridge between traditional financial data and on-chain analytics. With the regulatory framework provided by Abu Dhabi Global Market, Coinbase’s approach to tokenized stocks aims to mitigate the risks faced by earlier attempts in the crypto space.

New Developments in Tokenized Stocks

• Hyperliquid has launched tokenized stocks NVDAx, QQQx, and SPYx, enabling 24/7 trading against USDC.
• This marks a significant expansion of tokenized U.S. equities and ETFs on the platform.
• The introduction of these assets could attract more users and increase trading volume on Hyperliquid.
• Market pricing indicates a 62.5% probability of Hyperliquid reaching a $100 price target by the end of 2026, up from 58% in the previous 24 hours.
• The launch is expected to enhance user engagement and liquidity on the platform.
• Future developments regarding user engagement, strategic partnerships, and regulatory changes will be crucial for Hyperliquid's market trajectory.