Coinbase Tokenized Stocks on Base Mint $4.5M in Opening Days

Summary

• Coinbase and Bitwise launch tokenized stocks on Base chain
• Day-one volume hits $10.8M with $4.5M minted
• Products restricted to non-U.S. investors under Regulation S

Coinbase rolled out tokenized U.S. stocks on its Base chain on August 24. Non-U.S. investors can now trade names like Apple and Nvidia around the clock. The launch teams Coinbase infrastructure with Bitwise self-custodied portfolios.

Growth in tokenized assets picked up fast. Market cap rose from $0.4 million to $6.5 million in two weeks. Bitwise added three automated tokenized portfolios.

These hold the underlying shares through regulated custodians.

Context

Tokenized equities move traditional stocks onto blockchain rails. The format enables 24/7 trading and DeFi composability. Real shares back each token one to one.

Non-U.S. users access the products under Regulation S. That rule blocks U.S. persons from participating.

The August 24 launch on Coinbase Base fits a wider push toward blockchain equities. Bitwise built the ATP product line so users can hold and auto-manage baskets that include Apple, Nvidia, Microsoft, Tesla, and SpaceX.

Details

Day-one activity hit $10.8 million in 24-hour volume. Roughly $4.5 million of tokenized stock minted onchain in the first days. Bitwise portfolios launched with the Coinbase rollout and stay self-custodied on Base.

"Day-one volume reached $10.8 million."

, Attribution (Yahoo Finance)

The three initial strategies cover Mag7X, robotics, and AI leaders. All products stay limited to non-U.S. investors. No U.S. persons can access the tokenized stocks due to regulatory restrictions.

Outlook

Trading continues on Coinbase Base. Minting and redemption flows remain active. Market participants will watch whether more tokenized equities and portfolios push the onchain equity market cap past the recent $6.5 million level.