Base adds six new Coinbase tokenized stocks including Amazon and Tesla
Coinbase has expanded its onchain equities offering on the Base Layer 2 network, doubling its lineup from four to ten tokenized stocks. The new additions include Amazon, Microsoft, SpaceX, Tesla, SanDisk, and MicroStrategy, joining the initial cohort of Nvidia, Apple, Meta, and Alphabet. These assets utilize the proprietary B20 token standard, which provides a 1:1 beneficial claim on underlying shares held in regulated custody by Alpaca. The initial launch on August 24 saw significant traction, recording $4.5 million in minted supply and $10.8 million in trading volume within the first 24 hours. By enabling 24/7 trading and fractional ownership, these tokens allow non-US users to bypass traditional brokerage friction. Furthermore, the integration with DeFi protocols like Aerodrome and Aave allows users to utilize these stock tokens as collateral or liquidity. This expansion signals Coinbase's broader strategy to integrate diverse real-world assets into the onchain ecosystem. The growth of this platform highlights a clear market demand for accessible, programmable equity exposure.
- Coinbase expanded its Base-based tokenized stock lineup from four to ten total assets.
- Initial launch generated $10.8 million in trading volume within the first 24 hours.
- B20 tokens provide 1:1 beneficial claims on shares held in custody by Alpaca.
- Integration with 50 DeFi protocols enables stock tokens to be used as collateral.
Base is an Ethereum Layer 2 network developed by Coinbase, designed to provide a low-cost, scalable environment for decentralized applications. The platform's tokenized equities utilize the B20 standard, which acts as a digital wrapper for traditional securities, allowing them to function within the DeFi ecosystem while maintaining a 1:1 backing with regulated custodial assets.