Aerodrome expands trading to tokenized global equities on Base

Aerodrome, the dominant decentralized exchange on Coinbase’s Base blockchain, has gone live with onchain trading pools for tokenized versions of some of the world’s most valuable stocks. Nvidia, Apple, Meta, and Alphabet are now tradeable around the clock as tokenized assets, and traders showed up fast: roughly $103 million in volume flowed through the pools in the days following the August 24 launch. Daily trading volume peaked at approximately $27 million, and Aerodrome’s governance token AERO jumped about 11% to roughly $0.53 on the news. How the tokenized stocks actually work Each tokenized equity, denoted with a “c” suffix (NVDAc, AAPLc, METAc, GOOGLc), represents a 1:1 claim on actual shares held in regulated custody. The custodial framework runs through Alpaca under the Abu Dhabi Global Market (ADGM) regulatory umbrella, meaning every token minted corresponds to a real share sitting in a compliant account somewhere. The tokens are built on Coinbase’s B20 standard, which is designed to handle the messy corporate-action stuff that makes traditional equity infrastructure so cumbersome. Stock splits, dividend distributions, and similar events get processed onchain rather than th...