News · RWA & Tokenization
Coinbase Institutional strategy lead John D'Agostino reported steady growth for Base-issued equities, noting rival Binance is processing multiples of that figure.
Key point 1 of 3
01
Coinbase sees approximately $20 million per week in its tokenized stocks business following its late-August debut.
Key point 2 of 3
02
The assets trade on the Base layer-2 network under an Abu Dhabi Global Market license and exclude US participants.
Key point 3 of 3
03
Competitor Binance surpassed $1 billion in tokenized stock AUM and $40 billion in aggregate volume since June.
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.
Why it matters
Offshore investors gain fractional on-chain access to American public equities, while layer-2 ecosystems like Base capture expanding settlement activity outside the US.
What to watch
Base plans to expand its equity catalog from 50 to 250 listed stocks by the end of October.
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