Coinbase has launched tokenized versions of major U.S. stocks on Base, allowing eligible non-U.S. users to access fractional exposure to companies including Apple, Nvidia, Meta and Alphabet through blockchain-based assets.
Coinbase is taking another major step toward connecting traditional financial markets with the blockchain. The cryptocurrency exchange has launched its tokenized stocks natively on Base, its Ethereum layer-2 network, giving eligible users outside the United States access to onchain versions of major U.S. equities.
The initial lineup includes tokenized shares linked to Apple, Nvidia, Meta and Alphabet. According to Base, the assets are issued by Coinbase using the B20 token standard, with each token backed 1:1 by an underlying share held with a regulated custodian.
Coinbase Brings Major U.S. Stocks Onchain
The launch represents a significant expansion of Coinbase’s broader strategy to make traditional financial assets available through blockchain infrastructure. Instead of being limited to conventional stock-market trading hours and traditional brokerage platforms, eligible users can hold the tokenized assets in self-custody wallets and access them through the Base ecosystem.
Coinbase had previously announced plans to introduce tokenized stocks for non-U.S. customers. The company said the assets would provide economic exposure to the underlying equities while adding blockchain-based functionality such as 24/7 trading and the ability to use assets within the onchain economy.
Coinbase is bringing major U.S. equities onto Base through tokenized stocks.
How Coinbase Tokenized Stocks Work
Coinbase says each token represents a beneficial claim on a real underlying share. The corresponding stock is held in regulated, bankruptcy-remote custody, while Coinbase issues a matching token representing that exposure on Base.
This structure is different from simply creating a cryptocurrency that tracks the price of a stock. The tokenized stocks are connected to actual underlying shares, while the blockchain provides the infrastructure for transferring, holding and interacting with the assets.
The initial products include tokens such as AAPLc for Apple, NVDAc for Nvidia, METAc for Meta and GOOGLc for Alphabet. Coinbase has also selected Chainlink as its official oracle infrastructure, providing continuous pricing data that can allow DeFi applications to interact with the tokenized equities.
24/7 Trading and DeFi Utility
One of the biggest differences between tokenized stocks and traditional equities is the potential for continuous onchain access. Traditional U.S. stock markets operate during defined market hours, while tokenized assets on Base can be traded around the clock through supported onchain markets.
That opens the door to more than simply buying and selling shares. Base says the tokenized stocks can be used across its DeFi ecosystem, while Chainlink’s infrastructure is designed to support applications that allow users to lend, borrow and potentially use tokenized equities as collateral.
Tokenized equities could connect traditional stocks with blockchain-based financial applications.
Who Can Access the Tokenized Stocks?
The launch is not currently available to everyone. Coinbase states that its Tokenized Stocks are available only to eligible users in jurisdictions outside the United States. Availability can also depend on local regulations and the specific services supported in each country.
This means users should not assume that seeing the tokenized stocks listed on Base automatically means they can purchase them. Regulatory restrictions remain an important part of the rollout, particularly because these assets represent exposure to regulated securities.
For international investors who are eligible, however, the launch could make access to major U.S. companies more closely integrated with the crypto ecosystem.
Why the Launch Matters for Crypto
Coinbase’s move is another sign that the boundary between traditional finance and crypto continues to narrow. Rather than blockchain networks being used exclusively for cryptocurrencies, companies are increasingly using them to represent traditional assets such as stocks, funds and other financial instruments.
The development also strengthens Base’s position as a network for real-world assets and decentralized finance. With tokenized equities now available alongside existing crypto assets, the network could become an important venue for investors and developers looking to combine traditional financial exposure with blockchain-based applications.
The broader tokenized-equity market has also been expanding. Chainlink said tokenized equities reached a record $2.3 billion by mid-July 2026, highlighting the growing interest in bringing traditional financial assets onchain.
What Comes Next?
Coinbase’s initial launch is relatively limited, but the infrastructure could allow the company to expand the selection of tokenized stocks over time. More assets would give investors greater choice while giving Base developers additional financial assets to integrate into decentralized applications.
The bigger question is whether tokenized stocks can move beyond being a new way to represent shares and become a meaningful part of the global financial system. If liquidity, regulation, custody and DeFi infrastructure continue developing, blockchain-based equities could eventually become a much more common way of accessing traditional markets.
For now, Coinbase’s launch puts some of the world’s most recognizable companies—including Apple, Nvidia, Meta and Alphabet—directly into the Base ecosystem. It is another major step in Coinbase’s push to build what it calls an “Everything Exchange,” where crypto, equities and other financial products can operate through a single platform.
Conclusion
Coinbase’s launch of tokenized stocks on Base marks another important moment in the convergence of traditional finance and blockchain technology. By combining real underlying shares with onchain infrastructure, the company is giving eligible non-U.S. users a new way to access major U.S. equities while opening the door to 24/7 trading and DeFi applications.
The launch is still subject to geographic and regulatory restrictions, but its significance extends beyond the first four stocks. If Coinbase can successfully scale the product and attract liquidity, tokenized equities could become one of the most important bridges between traditional markets and the crypto economy.
FAQs
What are Coinbase Tokenized Stocks?
They are blockchain-based tokens representing economic exposure to real underlying shares. Coinbase says each token is backed 1:1 by a corresponding share held with regulated custody.
Which stocks are available?
The initial lineup includes tokenized versions of Apple, Nvidia, Meta and Alphabet.
Can U.S. users buy them?
No. Coinbase’s Tokenized Stocks are currently available only to eligible users in jurisdictions outside the United States.
Can tokenized stocks be traded 24/7?
Yes, the onchain format is designed to enable around-the-clock trading through supported Base markets, subject to availability and applicable restrictions.
Can tokenized stocks be used in DeFi?
They are designed to be usable across the Base DeFi ecosystem, including potential lending and borrowing applications supported by relevant protocols.
