The Perp Layer for Onchain Finance. CEX speed, fully onchain, 100% community-owned. Built on @base 🟦 CA: 0xab6363da0c80cef3ae105bd6241e30872355d021
Base
Joined March 2024
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RollX | 🟦 ROLL retweeted
Jesse breaks down the benefits of tokenized stocks on Base
"Base financing markets are so liquid"
"People are able to borrow against their stock 4% to 5% cheaper than they'd be able to access in the traditional financial system"
This is how we bring the world onchain
Tokenized stocks are starting to look less like a category and more like market infrastructure.
Tokenized stocks just crossed US$3B, and are rewriting the on-chain economy:
🔸 BNB Chain leads with US$1B in tokenized stocks and 1.8M holders
🔸 Q3 on-chain transfers topped US$100B
🔸 Tokenized stocks' DEX ratio hit 11% in September, closing in on memes at 17%
Read more ⬇️
binance.com/en/research/anal…
Tokenization gets more interesting when it starts changing market structure, not just asset wrappers.
🚨HUGE: NYSE officially signs a deal to bring tokenized US stocks to 44 MILLION crypto accounts.
The agreement with Blockchain dot com would give its users access to tokenized US stocks and ETFs on NYSE's planned digital trading venue, with 24/7 trading and fractional ownership, subject to regulatory approval.
The deal comes a day after CFTC Chairman Selig said markets must prepare for "mass tokenization."
Same stocks. More possibilities. On @base 😤
We’ve set the standard with Coinbase Tokenized Stocks.
No synthetics or debt instruments, real fully-backed securities, redeemable for the underlying shares, with dividends integrated, and voting rights coming soon.
That means access for global investors and institutions to the $70T+ US stock market built on a solid foundation.
Last year, we shared a simple thesis: collateralize anything, trade everything.
Tokenized stocks were never meant to stop at 24/7 access. As collateral, they unlock a new layer of capital efficiency and onchain portfolio strategies.
The market is moving in that direction.
.@Base’s Ben Spiegelman says the killer DeFi use case for tokenized stocks is borrowing against your holdings without selling:
“Being able to borrow against your position, but be able to still be long the actual stock, gives people that flexibility and that freedom.”
Memes showed how quickly attention can become onchain liquidity.
Stock tokens could bring that same liquidity engine to assets the world already knows.
$3B in 63 days is an early signal.
Robinhood Stock Tokens reached $3B in DEX volume in just 63 days.
A new kind of market is taking shape onchain.
Thanks to the community building alongside us.
A lot has been happening behind the scenes.
What are you most excited to see next? 👀
🤖 AI Features
⚡ RollX 2.0
💎 Tokenomics Update
🗳️ Governance