637% Growth in the Market Value of Tokenized Stocks Reaches $2.54 Billion

The market for tokenized stocks has seen a remarkable growth of 637%, reaching a value of $2.54 billion. The volume of transfers for these assets increased by over 415% in the 30 days leading up to August 29, totaling $29.5 billion. The number of active monthly addresses also grew by 209%, reaching approximately 1.3 million addresses. On August 24, Coinbase launched tokenized versions of Nvidia, Meta, Apple, and Alphabet stocks on the Base network. Each token is backed one-to-one by the actual share and can be traded on off-chain markets. These assets are used in protocols like Aave and Morpho for trading and lending. The products are offered only to eligible users outside the U.S. and are subject to Regulation S. The rapid growth of this market indicates that tokenizing stocks is becoming an important part of RWA, but challenges such as regulatory issues and liquidity outside of market hours still persist.