Key facts
- Coinbase has launched tokenized US stocks on its Ethereum layer-2 network, Base.
- The tokens represent fractional shares of companies like Apple and Nvidia.
- Eligible non-US users can trade these stocks 24/7.
- Each token provides a direct claim on an underlying share held by Alpaca.
- Chainlink price feeds are integrated for continuous pricing.
Coinbase has launched tokenized US stocks on its Ethereum layer-2 network, Base, enabling 24/7 trading for eligible non-US users and integration into decentralized finance (DeFi) applications. The B20 tokens represent fractional shares of companies like Apple and Nvidia, with each token providing a direct claim on an underlying share held by regulated broker and custodian Alpaca. Chainlink's price feeds are integrated to ensure continuous pricing for these assets. Users can hold the tokens in self-custody wallets, trade them on Aerodrome, or utilize them as collateral on protocols like Aave. The move signifies a growing trend of bringing traditional financial assets on-chain, with the total market value of tokenized stocks reaching approximately $2.48 billion.