Tokenized Equities Hit $3.75B as Stocks Move Onchain

The market for tokenized equities has reached approximately $3.75 billion in circulating supply across 1,501 distinct assets, signaling a shift toward integrating traditional financial instruments into blockchain ecosystems. Coinbase has significantly accelerated this trend by launching tokenized stocks natively on its Base Layer 2 network, allowing eligible users to access shares of major companies like Apple, Microsoft, and Nvidia. These onchain assets enable continuous trading outside traditional market hours and facilitate integration with decentralized finance protocols, such as Aave V4, where they can be used as collateral for borrowing USDC. While RWA.xyz data provides slightly different valuation snapshots, the growth trajectory highlights a transition from experimental products to established digital asset segments. This development allows for programmable equities that can be transferred between self-custody wallets and utilized in complex financial applications. The expansion is supported by developer initiatives on Base aimed at creating new brokerage experiences and portfolio-backed credit products. Ultimately, the success of this market depends on maintaining reliable liquidity, transparent asset backing, and clear legal rights for token holders as these assets move beyond simple price tracking.