Coinbase Launches Tokenized Stocks on Base Network
Coinbase has launched tokenized stocks on its Base network, allowing non-US users to hold direct claims on real equity in self-custody wallets.
The update
Coinbase has launched tokenized stocks on its Ethereum layer-2 network Base, starting with fractional shares of Apple and Nvidia. These tokens represent direct claims on real shares held by regulated custodian Alpaca, not derivatives tracking stock prices. Eligible users outside the United States can hold these tokens in self-custody wallets, trade them on Aerodrome, or use them as collateral on Aave.
Why it matters
This move represents a significant step in bridging traditional finance and decentralized finance. Unlike previous offerings, these tokens provide actual ownership rights to underlying stocks, including dividends and voting rights. The B20 token standard Coinbase developed handles corporate actions like stock splits without disrupting DeFi positions, enabling 24/7 trading outside traditional market hours.
What to watch
Will US regulators create a framework that allows Americans to access these products, or will offshore versions become the default? Coinbase isn’t waiting for regulation, with more tokenized stocks and real-world assets planned for Base in coming weeks. The AERO token climbed over 13% on the news, indicating market enthusiasm for this development.
Sources
- decrypt.co — Details on Coinbase's tokenized stocks launch on Base
- decrypt.co — Information about the B20 token standard and trading capabilities
- coindesk.com — source context
- cointelegraph.com — Chainlink integration for price feeds and broader market context