Token Terminal lists GOOGLc, a tokenized representation of Alphabet stock on Base blockchain
Token Terminal has integrated GOOGLc, a tokenized version of Alphabet Inc. Class A shares, into its dedicated tokenized assets dashboard. Issued by Coinbase Onchain SPV Ltd. in the Abu Dhabi Global Market, the token operates on the Base blockchain and represents a 1:1 beneficial interest in underlying shares held by Alpaca Securities. While the token's $1.5 million market capitalization remains modest compared to Alphabet's trillion-dollar valuation, its inclusion highlights the expanding scope of Token Terminal’s tracking platform, which now monitors over $345 billion in total tokenized assets. The product provides non-US investors with 24/7 on-chain access to US equities, bypassing traditional market hours and brokerage limitations. By leveraging jurisdictions with clearer regulatory frameworks like Abu Dhabi, Coinbase aims to facilitate global access to US stocks through decentralized finance integration. This development reflects a broader strategic shift for analytics platforms to bridge traditional financial data with on-chain liquidity. As tokenized equities gain traction, the ability to track these assets alongside stablecoins and treasuries becomes increasingly vital for market transparency. Ultimately, this move underscores the growing trend of institutional entities utilizing Layer 2 networks to democratize access to traditional financial instruments.
