Crypto exchange Coinbase has launched tokenized U.S. stocks on Base for eligible users outside the United States. Issued under the B20 token standard, the securities went live on August 24, providing onchain access to fractional shares of major companies including Apple Inc., Nvidia Corp., Meta Platforms Inc., and Alphabet Inc.
Each token is backed 1:1 by underlying shares held through a regulated custodian in a bankruptcy-remote structure. The tokens can be held in self-custody wallets and transferred across supported Base applications. Coinbase previously outlined plans for tokenized stocks featuring automatic dividends and no synthetic exposure in June.
Continuous Pricing via Chainlink
Chainlink supplies the official oracle infrastructure for Coinbase's tokenized products, such as AAPLc, GOOGLc, METAc, and NVDAc. Continuous pricing from Chainlink enables decentralized exchanges, lending markets, and structured-product platforms to evaluate the securities outside traditional market hours.
Johann Eid, Chief Business Officer at Chainlink Labs, noted that tokenized assets require broad ecosystem integration across decentralized finance to reach their full potential. Reliable pricing supports collateral calculations, liquidations, swaps, and portfolio valuation for continuously operating applications.
Regulatory Framework and DeFi Integration
Coinbase established its international tokenization hub after receiving Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market. This approval permits tokenized-securities activities, including custody services and arranging investment transactions. The offerings are provided under Regulation S and are unavailable to individuals in the United States and other restricted jurisdictions.
Primary minting and redemption are restricted to approved institutional participants that complete identity checks. Once issued, B20 tokens can interact with compatible wallets, decentralized exchanges, and lending protocols on Base. Corporate actions such as dividends and stock splits are reflected through an onchain multiplier designed to prevent disruptions to decentralized finance positions. Base indicated that additional Coinbase tokenized stocks are anticipated in the coming weeks.
