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Coinbase launches tokenized U.S. stocks on Base blockchain
Coinbase has launched tokenized versions of four major U.S. technology stocks—Apple, Nvidia, Meta, and Alphabet—on its Base blockchain. These assets, issued under the B20 token standard, allow eligible investors outside the United States to gain exposure to the underlying equities through self-custodial wallets.
The tokens are backed in a 1:1 ratio by actual shares held by Alpaca Securities, an SEC-registered broker-dealer, within a segregated custody structure regulated by the Abu Dhabi Global Market (ADGM). This framework ensures that the assets are bankruptcy-remote from Coinbase.
To facilitate integration with decentralized finance (DeFi), Coinbase has partnered with Chainlink to provide continuous, real-time pricing data via Data Feeds. This enables the tokenized stocks to be used as collateral in lending protocols such as Aave, Morpho, and Euler, and to be traded on decentralized exchanges like Aerodrome. Unlike synthetic derivatives, these B20 tokens represent a direct beneficial interest in the underlying shares, with corporate actions like dividends and stock splits automatically accounted for through a Coinbase-supplied multiplier.
Entities
Abu Dhabi Global Market · Abu Dhabi Global Market · Alpaca · Alpaca Securities · Base · Chainlink · Coinbase
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Each B20 token represents a beneficial interest in an underlying share held in 1:1 ratio. bitcoinethereumnews.com · koinbulteni.com · coinedition.com · kryptolehti.fi · phocapblockchain.net · +8 more
- [● 7 SOURCES] Chainlink provides continuous pricing data via Data Feeds to enable DeFi utility for the tokenized stocks. bitcoinethereumnews.com · www.tradingview.com · kryptolehti.fi · www.cryptobreaking.com · www.cryptopolitan.com · +1 more
- [● 14 SOURCES] Alpaca serves as the regulated broker and custodian for the underlying shares under the Abu Dhabi Global Market (ADGM) framework. bitcoinethereumnews.com · coinedition.com · kryptolehti.fi · phocapblockchain.net · koinbulteni.com · +8 more
- [● 14 SOURCES] Coinbase launched tokenized versions of Apple, Nvidia, Meta, and Alphabet stocks on the Base blockchain. bitcoinethereumnews.com · koinbulteni.com · coinedition.com · kryptolehti.fi · phocapblockchain.net · +8 more
- [● 13 SOURCES] The tokenized stock service is available to eligible investors outside the United States. koinbulteni.com · coinedition.com · kryptolehti.fi · phocapblockchain.net · abmedia.io · +7 more
- [● 6 SOURCES] Tokenized stocks can be traded 24/7 and transferred between wallets without requiring whitelists. koinbulteni.com · coinedition.com · kryptolehti.fi · abmedia.io · bitcoinke.io