Six new tokenized stock assets arrived on the Base network on September 4, 2026, issued through Coinbase Onchain SPV Ltd. The newly added assets include Amazon (AMZNc), Microsoft (MSFTc), MicroStrategy (MSTRc), SanDisk (SNDKc), Tesla (TSLAc), and SpaceX (SPCXc). SpaceX holds a unique position due to its status as a private company rather than a publicly traded U.S. stock, although it has previously been featured in similar international offerings.
This addition brings Coinbase’s tokenized stock product lineup to ten assets. On August 24, the platform rolled out its initial batch featuring Apple, Alphabet, Meta, and Nvidia.
The second-phase expansion was launched after first-month data demonstrated clear market demand.
Surpassing Hundreds of Millions of Dollars in the First Month
Decentralized exchange trading volume for tokenized stocks on Base reached $227.7 million over the first 30 days, with daily transaction volume peaking at $33 million. The tokenized version of Nvidia stock (NVDAc) served as the primary driver, contributing $71.6 million in volume and accounting for 57% of the initial $124.8 million turnover.
The decentralized finance ecosystem quickly absorbed the new assets into its protocols. Aerodrome stepped in to provide liquidity, Chainlink supplied price feeds, while Aave, Morpho, and Euler enabled lending and borrowing facilities across all ten assets.
Legal Structure and Price Gaps
On paper, the B20-standard tokens are issued under the jurisdiction of Abu Dhabi Global Market. Each token is backed 1:1 by underlying shares held separately by Alpaca Securities as the broker and custodian. Notably, token holders do not receive voting rights or direct ownership in the referenced companies.
U.S. residents are prohibited from purchasing the products offered under the U.S. Securities and Exchange Commission (SEC) Regulation S framework. In return, investors in other regions enjoy the freedom to trade 24 hours a day, bypassing weekend, overnight, and national market holiday restrictions.
Nonstop trading carries an inherent risk. Token prices are susceptible to deviating significantly from the underlying stock’s value when traditional U.S. markets are closed and network liquidity is thin.
Riding the Equity Tokenization Wave
Base’s expansion aligns with the growing real-world asset (RWA) trend on the blockchain. Data from analytics platform RWA.xyz reveals that monthly transfer volume in the tokenized equities sector surged 415% to $29.5 billion.
The total value of tokenized equities living onchain currently stands at $2.54 billion. These assets are distributed across roughly 2.36 million holder wallets, signaling the ongoing integration of traditional stock markets into decentralized infrastructure.
Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
