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Aerodrome Launches Tokenized Global Equities on Base Network
Aerodrome, a leading decentralized exchange on Coinbase's Base blockchain, has introduced onchain trading for tokenized versions of major global equities. Following its launch on August 24, the platform reported an impressive $103 million in trading volume within just a few days. Investors can now trade tokenized shares of Nvidia, Apple, Meta, and Alphabet around the clock.
Each tokenized equity, identified by a 'c' suffix (e.g., NVDAc for Nvidia), represents a 1:1 claim on actual shares held in regulated custody, managed through Alpaca under the Abu Dhabi Global Market regulatory framework. This setup allows for seamless trading of stocks while ensuring compliance, as the underlying assets remain securely stored while their digital representations circulate freely across decentralized finance protocols.
The initial trading activity showed strong demand, with daily volumes peaking at approximately $27 million. Aerodrome has positioned itself as the primary liquidity venue for these assets, with the NVDAc pool launching with around $957,000 in liquidity. Additionally, a new AI-powered tool called Bankr was introduced shortly after the launch, enabling users to manage their liquidity positions using natural language commands.
Despite the successful launch and trading activity, US residents are excluded from participating in this new trading opportunity, limiting access to a significant portion of retail equity investors. The recent surge in Aerodrome's governance token AERO, which increased by about 11% to roughly $0.53, indicates positive market sentiment regarding the platform's future potential and competitive positioning.
Source: KLEA News