Coinbase Brings Tokenized Stocks to Base, Enabling Around-the-Clock Trading

Coinbase has launched four tokenized stocks on Base, allowing eligible non-U.S. investors to trade exposure to Apple, NVIDIA, Meta, and Alphabet around the clock.

The tokens are issued by Coinbase Onchain SPV Ltd., a company incorporated in the Abu Dhabi Global Market, and represent beneficial interests in real shares held in segregated regulated custody.

Each token is backed 1:1 by an underlying share, which is bought, sold, and held by Alpaca Securities, an SEC-registered broker-dealer and FINRA member.

The tokens can be traded or used in lending and DeFi protocols on Base, with integrations including Aerodrome for tokenized-stock liquidity and Aave, Morpho, and Euler for lending and borrowing functions.