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UNITokenized stocks reach $3.84bn as Base adds Apple and Microsoft shares
Tokenized versions of major US stocks are now trading on Base, the Coinbase-backed network, as the wider tokenised-equity market grows to about $3.84bn, Blockworks data shows.
Why it matters: Tokenized stocks are moving from novelty into DeFi lending and collateral, giving crypto markets a direct link to major US equities.
Key points
- Tokenized equities total about $3.84bn in distributed value, up nearly 18% in 30 days, with 4.5m holder addresses.
- Base hosts tokenised Apple, Alphabet, Microsoft, Amazon, Nvidia, Tesla and Strategy shares for eligible investors outside the US.
- Aave supports seven Coinbase tokenised US stocks as collateral for USDC borrowing on Base.
The market now counts roughly 4.5m holder addresses across public blockchains.
Base, the Ethereum Layer 2 network backed by Coinbase, now carries tokenised versions of Apple, Alphabet, Microsoft, Amazon, Nvidia, Tesla and Strategy. Eligible investors outside the US can hold and trade the blockchain-based shares, which are backed by real US stock held with a regulated custodian and issued under the B20 token standard.
The shares can be moved and traded around the clock and used inside DeFi applications. Aave now accepts seven Coinbase tokenised US stocks as collateral for borrowing USDC on Base, and Base is supporting developers building credit markets and brokerage products around programmable equities. Coinbase CEO Brian Armstrong wrote on X that all asset classes are moving onchain.
The market is still small next to conventional equities, which represent tens of trillions of dollars. Platforms including bStocks, Ondo, xStocks, Securitize and Coinbase are competing for share, and Blockworks co-founder Jason Yanowitz described tokenised equities as one of technology's fastest-growing charts. The test, the article says, is whether trading, lending and liquidity hold up once the novelty fades.
Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
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Not investment advice. Read the risk disclaimer.