Coinbase tokenized stocks on Base soar to $7M market cap in two weeks

Coinbase’s tokenized stocks on the Base blockchain have experienced a significant increase in market capitalization, rising from approximately $0.4 million to $6.5 million over the past two weeks. This growth highlights the growing interest and adoption of tokenized U.S. equities on Base, a platform where these assets are backed 1:1 by shares held with a regulated custodian. The rise is indicative of heightened activity and interest in real-world asset products within the crypto space. This development could reflect broader confidence in the Base ecosystem, potentially influencing expectations surrounding a possible token launch. In the prediction markets, the likelihood of Base launching a token by the end of 2026 has seen a notable increase. The market for “Will Base launch a token by December 31, 2026?” currently shows a 13% chance of a YES outcome, up from 6% a week ago. This upward movement suggests that market participants may be viewing the increased activity on Base as a positive indicator for future developments, including the potential launch of a native Base token. The recent performance of Coinbase’s tokenized stocks might also be contributing to the perception of Base ...