Coinbase announced it has launched tokenized stocks natively on Base, allowing users to hold US equity positions and participate in DeFi.

Coinbase announced that its issued tokenized stocks have launched natively on the Base blockchain, built on the B20 standard. The underlying stocks are held 1:1 by regulated custodian Alpaca in a bankruptcy-remote structure, with token holders holding direct ownership of the reference assets. Non-US users in compliant global jurisdictions only need a wallet and internet access to gain exposure to US stocks without a brokerage account or settlement delays, and can trade at any time on 24/7 AMM pools. The first supported assets include companies like Apple and NVIDIA. As standard B20 tokens, the tokenized stocks can be freely held, transferred, and traded, with no whitelisted wallet or platform lockups. Their key significance lies in DeFi integration: users can use tokenized NVIDIA stocks as collateral to borrow on Aave, or deposit Apple stocks in decentralized exchanges to earn yields, marking the first time stocks have shifted from static assets in traditional accounts to programmable liquidity building blocks on-chain. Dividends and stock splits are handled via on-chain multiplier mechanisms to ensure DeFi positions remain uninterrupted. Ecosystem projects including Aerodrome and Aave have publicly backed the B20 standard. Coinbase said it will launch more tokenized stocks in the coming weeks and continue advancing the on-chainization of other real-world assets, opening up new opportunities for developers to integrate traditional financial assets with the crypto-native ecosystem.