Coinbase Tokenized Stocks on Base Hit $262M as Active DeFi Collateral

Half of the market value of Coinbase-issued tokenized stocks is now actively deployed in decentralized finance applications on the Base network, reaching approximately $262.4 million. This deployment represents a massive increase from the $14.66 million recorded at the beginning of 2026, according to data from Token Terminal. The tokenized assets, which include fractional shares of major tech companies like Apple and Nvidia, are currently restricted to eligible non-U.S. users. Rather than being passively held, these tokenized equities are increasingly being utilized across the DeFi ecosystem on decentralized exchanges and as collateral for lending protocols. Market participants are monitoring this ecosystem growth as potential support for an unconfirmed Base token launch by the end of 2026, though Coinbase executives have not announced any official plans.