Tokenized Stocks Top $3.84 Billion, Expanding Beyond Trading Into Loan Collateral
Summary
- The circulating value of the tokenized stock market was reported at about $3.84 billion, up about 18% over the past 30 days.
- On Coinbase’s Base, users can trade tokenized shares tied to Apple, Microsoft, Nvidia and Tesla and use them as collateral for USDC loans.
- Brian Armstrong said all asset classes are moving on-chain, and that tokenized stocks and stablecoins are growing rapidly.
Forecast Trend Report by Period
The market for tokenized stocks has surpassed $3.84 billion, with their use expanding beyond trading into loan collateral. On Base, services now let users trade tokens linked to U.S. stocks such as Apple and Microsoft and pledge them to borrow stablecoins.
Bitcoin.com reported on October 28, citing Blockworks data, that the circulating value of tokenized stocks stood at about $3.84 billion. That marked an increase of about 18% over the past 30 days.
On Base, Coinbase’s Ethereum layer-2 network, users can trade tokenized stocks tied to Apple, Alphabet, Microsoft, Amazon, Nvidia, Tesla and Strategy. The products are offered to eligible investors outside the U.S. Under the structure, the underlying shares are held with a regulated custodian and tokens linked to those stocks are issued. The tokens can be transferred on-chain or used in decentralized finance, or DeFi, services.
According to the report, decentralized lending protocol Aave supports seven Coinbase-issued tokenized stocks on Base as collateral for USDC loans. Base is also supporting development of credit and brokerage services built around tokenized stocks.
Coinbase Chief Executive Officer Brian Armstrong wrote on X that every asset class is moving on-chain. Tokenized stocks and stablecoins are growing rapidly, he added, and more assets will follow.
Ondo, xStocks, Securitize and Coinbase are competing in the market. Jason Yanowitz, Blockworks co-founder, described the growth of tokenized stocks as “one of the fastest-growing charts in technology.”
