98.2% of Uniswap Concentrates Base Stock Token Deposits

Coinbase has reported that 98.2% of the initial deposit of $960,300 for tokenized stocks issued on Base is concentrated on Uniswap. This early flow indicates the potential for stock tokens to be used in decentralized finance (DeFi) trading and as collateral. The total deposit amount for Coinbase's stock tokens is $960,300, with $943,200 located on Uniswap. The total for other deposit locations is reported to be $17,100. Coinbase announced on August 11 that it received a financial services license to establish a tokenization hub at Abu Dhabi Global Market. Coinbase's tokenized stocks are subject to Regulation S and are not available to U.S. residents. Uniswap Labs described the tokenized stocks on its interface as digital tokens issued by third parties. This flow aligns with examples of new use cases for automated market makers. Bitwise launched a self-custody tokenized stock portfolio on Base on August 26. Current evaluations of liquidity are mixed, confirming that the initial distribution channel is concentrated on Uniswap.

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