Coinbase reports 46.7K holders for tokenized stocks on Base

Coinbase’s tokenized stock experiment on Base just posted its first real report card, and the numbers are hard to ignore. The exchange’s suite of on-chain equities has attracted roughly 46,700 asset holders, representing a 97-fold surge in just 30 days since the product launched in late August. The tokenized equity supply on Base has climbed to an estimated $26.5 million, a figure that’s modest by traditional finance standards but meaningful for a product category that barely existed on the network a month ago. From four stocks to ten in eleven days Coinbase kicked things off on August 24 with tokenized versions of four heavyweight US stocks: Nvidia, Apple, Meta, and Alphabet. Each token, branded with suffixes like NVDAc and AAPLc, represents a direct 1:1 claim on actual underlying shares held by a regulated custodian. By September 4, the lineup had nearly tripled. Amazon, Microsoft, Tesla, SpaceX, SanDisk, and Strategy (the company formerly known as MicroStrategy) all joined the roster, bringing the total to ten tokenized equities available on Base. The tokens use Coinbase’s proprietary B20 standard, purpose-built for representing real-world assets on its Ethereum Layer 2 network....