Coinbase Launches Tokenized Nvidia Stock on Decentralized Exchanges

Token Terminal has listed NVDAc, a tokenized representation of Nvidia stock, on its tracking platform. Launched by Coinbase through its Onchain SPV Ltd entity on August 24, 2026, NVDAc offers 1:1 economic exposure to Nvidia common stock. The token is structured as a B20-standard token issued under Abu Dhabi Global Market regulations and is backed by Nvidia shares held in segregated custody.

The trading of NVDAc happens on decentralized exchanges, not on Coinbase's main platform, and US persons are explicitly excluded from accessing it due to regulatory restrictions. Within two days of launch, NVDAc reached a market cap between $2.4 million and $2.63 million. This is a notable start for a tokenized equity product restricted to non-US investors and trading on decentralized exchanges.

Coinbase has rolled out a suite of tokenized stocks alongside NVDAc, including AAPLc for Apple, METAc for Meta, and GOOGLc for Alphabet. Token Terminal now tracks over 4,600 tokenized assets, a staggering jump from roughly 300 earlier in 2026, with a combined market cap exceeding $345 billion as of mid-August 2026.