Coinbase expands tokenized-equity market on Base to 10 assets

  • Coinbase expanded its Base tokenized-equity offering from four technology stocks to 10 assets, including SpaceX.
  • Daily decentralized-exchange trading later exceeded $100 million, while volume for the original four tokens surpassed $228 million in their first month.
  • The tokens are designed as 1:1 claims on shares held by Alpaca in regulated custody and are offered only to non-U.S. users under Regulation S.

Coinbase has expanded its Base-based tokenized-equity market from four technology stocks to 10 assets, including SpaceX, as it develops an all-in-one platform spanning crypto, stablecoins, yield products and equities. The tokens are designed to represent 1:1 claims on shares held in regulated custody by Alpaca under Abu Dhabi Global Market oversight, with trading unavailable to U.S. persons. Decentralized-exchange volume for the original four tokens exceeded $228 million in their first month, while a later tally placed broader-suite cumulative volume near $399 million and daily volume above $100 million.

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