Coinbase Tokenized Stock Figures: $262M vs $20M Dispute

CryptoBriefing and Coinfomania both cite Token Terminal for the dollar value of Coinbase-issued tokenized stocks deposited in DeFi on Base, but their figures diverge sharply.

CryptoBriefing and Coinfomania both cite Token Terminal for the dollar value of Coinbase-issued tokenized stocks deposited in DeFi on Base, but their figures diverge sharply.

What all sources agree on

• The reports concern Coinbase-issued tokenized stocks deposited in DeFi applications on the Base platform.
• Both outlets attribute their figures to data from Token Terminal.
• Both were published on 2026-10-17.

Where the reports disagree

1Dollar value of Coinbase tokenized stocks deposited in DeFi

Approximately $262.4 million of Coinbase-issued tokenized stocks are deployed in DeFi protocols on Base, up from $14.66 million at the start of 2026.

CryptoBriefing 2026-10-17 11:41

Coinbase has $20.07 million of tokenized stocks deposited in DeFi, representing over half of the total $35.93 million market cap.

Coinfomania 2026-10-17 12:20

What would settle it: The underlying Token Terminal dataset or dashboard showing on-chain deposit figures for Coinbase-issued tokenized stocks on Base.

2Total market cap / baseline figure for comparison

up from $14.66 million at the start of 2026.

CryptoBriefing 2026-10-17 11:41

Coinbase has issued tokenized stocks totaling $35.93 million.

Coinfomania 2026-10-17 12:20

What would settle it: The same Token Terminal dataset or an on-chain audit of total tokenized stock supply issued by Coinbase on Base.

What to make of it

Treat only the existence of Coinbase-issued tokenized stocks on Base and their deployment in DeFi as established; the two outlets' dollar figures for how much is deposited cannot both be correct, so any specific number should be treated as unverified until checked against Token Terminal's raw data.

Treat only the existence of Coinbase-issued tokenized stocks on Base and their deployment in DeFi as established; the two outlets' dollar figures for how much is deposited cannot both be correct, so any specific number should be treated as unverified until checked against Token Terminal's raw data.

Originally reported by AltcoinGordon, written by Sophia Bennett. Republished with permission.

View the original on AltcoinGordon →

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