---
title: "Coinbase Records Around $20 Million Weekly in Tokenized Stocks, Executive Says"
description: "Coinbase Institutional strategy lead John D'Agostino reported steady growth for Base-issued equities, noting rival Binance is processing multiples of that figure."
url: https://basisdesk.news/news/coinbase-tokenized-stocks-weekly-volume-base
published: 2026-10-22T00:31:28.669Z
modified: 2026-10-22T00:31:28.669Z
section: RWA & Tokenization
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: bullish
tickers: [ETH]
tags: [tokenization, equities, base, coinbase, binance, real-world-assets]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Coinbase Records Around $20 Million Weekly in Tokenized Stocks, Executive Says

Coinbase Institutional strategy lead John D'Agostino reported steady growth for Base-issued equities, noting rival Binance is processing multiples of that figure.

## At a glance

- **What happened:** Coinbase Institutional announced that its Base-based tokenized equities program handles roughly $20 million a week.
- **Why it matters:** The metrics demonstrate growing offshore appetite for synthetic US stock access on layer-2 networks despite geographic regulatory constraints.
- **Who is affected:** Coinbase, non-US retail and institutional market participants, and Base network users.
- **What's next:** Base plans to scale its listed equity offerings from 50 to 250 stocks by the end of October.
- **Primary source:** [Coinbase’s Tokenized Stocks Are Seeing About $20 Million a Week, According to John D’Agostino](https://unchainedcrypto.com/coinbases-tokenized-stocks-are-seeing-about-20-million-a-week-according-to-john-dagostino/) — unchainedcrypto.com

## Key points

- Coinbase sees approximately $20 million per week in its tokenized stocks business following its late-August debut.
- The assets trade on the Base layer-2 network under an Abu Dhabi Global Market license and exclude US participants.
- Competitor Binance surpassed $1 billion in tokenized stock AUM and $40 billion in aggregate volume since June.

## Editorial remark

- **Context:** Coinbase rolled out tokenized equities on Base on Aug. 24 after securing licensing in Abu Dhabi, seeking to serve international retail demand barred from standard US brokerages.
- **Impact:** Offshore investors gain fractional on-chain access to American public equities, while layer-2 ecosystems like Base capture expanding settlement activity outside the US.
- **Watch:** Base plans to expand its equity catalog from 50 to 250 listed stocks by the end of October.

Coinbase is generating roughly $20 million a week across its tokenized stocks business, according to John D’Agostino, head of strategy at Coinbase Institutional [1]. Speaking on the Bits + Bips program recorded on Oct. 19, D’Agostino stated that the transaction volume is growing following the initiative's release, though he did not define whether the weekly metric accounts for newly minted tokens, trading turnover, or net inflows [1]. He highlighted an "almost insatiable, endless demand for US equities" among international investors who face barriers to traditional brokerage accounts, pointing to strong adoption within the United Arab Emirates [1].

The asset offering launched on Aug. 24 on Base, the exchange's Ethereum layer-2 network, following licensing approval in the Abu Dhabi Global Market [1]. Due to regulatory boundaries, these instruments remain inaccessible to US persons [1]. On its initial day of operations, Blockworks Data recorded over $12 million in tokenized equities transacted on Base, with Coinbase representing almost the entirety of that activity [1]. Later in October at the Token2049 conference in Singapore, Base creator Jesse Pollak estimated that overall tokenized stock volume on the network had scaled to between $70 million and $100 million per day [1]. Base supported 50 listed stocks by early October, with plans to expand the roster to 250 assets before month's end [1].

## Competition Across Tokenized Equities

Despite Coinbase's early traction, rival exchange Binance maintains a substantial early lead in the real-world asset niche [1]. D’Agostino acknowledged that Binance has achieved "multiples" of Coinbase's current figures, backed by its established product timeline [1]. On Oct. 15, Binance announced that its bStocks suite exceeded $1 billion in assets under management roughly four months following its June 11 rollout, citing Dune analytics [1]. Binance also reported over $40 billion in lifetime trading volume, averaging upwards of $300 million in daily transactions since debut [1]. Independent tracking from rwa.xyz placed bStocks as the market leader by total scale, with Binance accounting for more than 90% of weekly on-chain equity token transfers during an August high point [1].

The expanding reach of exchange-issued equities highlights an ongoing institutional push toward on-chain markets, a trend examined when the [IMF analyzed tokenized markets](https://basisdesk.news/news/imf-report-tokenization-repo-market-fragmentation) amid surging transactional utility across networks [1]. At the time of writing, $ETH changed hands around $2,475, while broader digital asset markets maintained an aggregate valuation of $2.80 trillion.

## Sources

1. [Coinbase’s Tokenized Stocks Are Seeing About $20 Million a Week, According to John D’Agostino](https://unchainedcrypto.com/coinbases-tokenized-stocks-are-seeing-about-20-million-a-week-according-to-john-dagostino/) — unchainedcrypto.com, 2026-10-22

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai