Apple, Nvidia Shares Debut as Tokens
Coinbase has rolled out tokenized versions of major US stocks—including Apple, Nvidia, Meta, and Alphabet—on its Base network, marking a significant step in bridging traditional equities with blockcha
The move positions Coinbase alongside other platforms racing to bring real-world assets onto blockchains. Notably, Robinhood’s recent launch of its own layer-2 network also included tokenized stocks as an early offering, highlighting intensifying competition in this space.
Non-US Traders Get 24/7 Access
With these new tokens live on Base—a layer-2 Ethereum network developed by Coinbase—non-US users in eligible jurisdictions can now hold, trade, or even post tokenized stocks as collateral at any time. Unlike traditional markets that close overnight or for holidays, these assets are available for trading 24/7. The tokens can be stored in self-custody wallets and exchanged on decentralized venues like Aerodrome, or used as collateral on lending protocols such as Aave.
Each B20 token represents a direct claim on an underlying share held with regulated broker and custodian Alpaca under an Abu Dhabi Global Market-supervised structure.
This always-on access is restricted to users outside the United States due to regulatory limitations.
Aerodrome’s native token AERO surged more than 13% on the day of the launch, reflecting immediate market enthusiasm for the new products. While monthly transfer volume for all tokenized stocks has climbed to $27.28 billion and the number of holders has surpassed 2.1 million globally, it remains uncertain how much of this activity will concentrate around Coinbase’s offering versus competitors.
Chainlink Feeds Power Real-Time Pricing
To ensure accurate pricing for these blockchain-based stocks, Coinbase relies on Chainlink Data Feeds. These feeds continuously update each B20 token’s value based on the latest stock prices from US markets. Additionally, Chainlink documentation notes that a multiplier is applied to account for dividends and corporate actions—ensuring that events like stock splits or payouts are reflected without altering user balances.
This technical approach addresses a longstanding challenge: how to mirror complex corporate events in a decentralized environment without disrupting user holdings or requiring manual intervention.
See Also
B20 Standard Handles Dividends Seamlessly
Coinbase’s B20 token standard is designed specifically for real-world assets like equities. It processes dividends and stock splits automatically behind the scenes; users see no change in their token balances when such events occur. This contrasts with earlier models of tokenized equities that sometimes required cumbersome adjustments or even reissuance after corporate actions.
The total value of all tokenized stocks has reached approximately $2.48 billion as of this month—a 5.2% increase over the past 30 days—according to cointelegraph.com. Yet while these headline numbers show rapid growth for tokenized equities overall, regulatory boundaries still limit access: US residents remain excluded from this initial rollout despite Coinbase’s global ambitions.
Short-term watchlist
If trading volumes or the number of holders for Coinbase’s tokenized stocks on Base—currently at $27.28 billion monthly and over 2.1 million holders—show significant changes in the days following Monday’s launch, it would immediately signal shifts in user adoption or liquidity for these new assets; however, the impact on U.S. user access remains unclear due to ongoing eligibility restrictions.
