Coinbase Brings Tokenized Stocks to Base with AAPLc Launch

Coinbase has launched its tokenized stock program on Base, a Layer 2 network. The first batch of tokens includes AAPLc, which represents Apple stock, and is now listed on Token Terminal.

AAPLc's market cap is around $1.29 million, with approximately 4,166 tokens in circulation. It trades at a price that closely tracks Apple's stock, hovering around $310 per share.

The tokenized stocks program uses the B20 token standard and allows holders to keep their tokens in self-custody wallets. This is significant because it means users can use these tokens within Base's DeFi ecosystem, something not possible with traditional brokerage shares.