With a tokenized stock market capitalization of $3.4 billion, Nvidia (NVDA.US) Apple (AAPL.US) has become the new favorite of the Base Chain

According to Woofun AI, Coinbase Global Inc. (NASDAQ: COIN) (COIN.US) CEO Brian Armstrong confirmed on Monday that the US stock tokenization products launched by the company have received initial market recognition. Although Armstrong admits that the business “is still in its early stages, the current progress is quite good,” this statement marks the arrival of a key point in the migration of traditional financial assets to the chain.

The asset appreciation effect on the Base blockchain was significant, and the asset value of Coinbase (COIN.US) stock holders surged 9,697% in a month. According to data compiled by Woofun AI, the total number of holders of the on-chain analysis agency Token Terminal statistics has reached 46,700 people. Among them, tokenized stocks issued by Nvidia (NASDAQ: NVDA) (NVDA.US), Apple (NASDAQ: AAPL) (AAPL.US), and Tesla (NASDAQ: TSLA) (TSLA.US) attracted the largest number of holders, and leading technology stocks became the core variables driving demand on the chain.

The product mechanism was opened to eligible users outside the US last month. Each digital token is supported by a regulated custodian in a 1:1 ratio for real traditional stocks and reserves the right to distribute dividends and vote. Unlike traditional stocks, these assets can be used as collateral for on-chain loans on platforms such as Aave (cryptocurrency code: AAVE). Armstrong pointed out that the tokenization program will also be extended to private corporate bonds, treasury bonds, and investment funds. Currently, the total value of the tokenized stock market is $3.4 billion, with over 4 million holders and a monthly transaction volume of up to $70 billion. Last week, the US Securities and Exchange Commission introduced a five-year temporary regulatory plan that allows blockchain-based platforms to temporarily exempt specific tokenized US stocks from the relevant regulations on exchange and trader registration.

The market reacted quickly, with Coinbase (COIN.US) shares rising 3.5% to $201.05 during the regular trading session on Monday, with a further increase of 0.47% in after-hours trading. The stock has been selected on the list of stocks with the most potential to rise. This is another landmark event where traditional equity assets entered the Web3 ecosystem on a large scale through compliance routes after the outbreak of DeFi lending, which indicates that on-chain financial infrastructure is accelerating its deep integration with traditional capital markets.