Coinbase Stocks Go Live on Base, Enabling On-Chain Trading

Tokenized versions of major US stocks have gone live on Base, Coinbase's Ethereum layer-2 network. These tokenized stocks represent real shares held 1:1 by a regulated custodian in a bankruptcy-remote structure and are built on the network's native token B20.

The eligible non-US users can now hold fractional shares of companies including Apple and NVIDIA directly in self-custody wallets, allowing for 24/7 on-chain trading. The announcement from Base emphasizes its bigger vision for on-chain finance.

‘Tokenized stocks are live on Base, and ready for builders,’ says the company. It highlights that these tokenized stocks issued by Coinbase, built on the B20 standard, are now live natively on Base. These are real shares, held 1:1 by a regulated custodian, owned outright by whoever holds the token.

The B20 tokens are ERC-20 compatible, enabling seamless use across wallets and protocols with dividends and splits handled via an on-chain multiplier. More Coinbase tokenized stocks are expected in the coming weeks.