Coinbase Launches Tokenized Stocks on Base
Coinbase launches tokenized Apple and Nvidia shares on Base, allowing 24/7 trading and DeFi use for non-U.S. users.
The update
Coinbase has launched tokenized versions of Apple and Nvidia shares on its Base Ethereum layer-2 network. The tokens are available to eligible users outside the United States. Each token represents a direct claim on a share held by regulated custodian Alpaca. Users can hold these tokens in self-custody wallets, trade them on Aerodrome, or use them as collateral on decentralized lending protocols like Aave.
Why it matters
This move aims to extend trading hours beyond traditional market hours. The tokens can trade on automated market makers (AMMs) around the clock, potentially allowing investors to react to earnings calls or macro events at any time. The integration with Chainlink provides continuous price feeds, enabling broader use in decentralized finance applications.
What to watch
Availability varies by jurisdiction and may require identity checks. The team behind Base plans to add more stocks and other real-world assets in the coming weeks. The success of this initiative could influence how traditional equities are traded and integrated into the broader financial system.
Sources
- decrypt.co — Token details, custodian Alpaca, self-custody and Aerodrome trading.
- cointelegraph.com — Chainlink price feeds, DeFi integration, market data context.
- coindesk.com — Initial stocks (Apple, Nvidia, Meta, Alphabet), Abu Dhabi framework.