Coinbase launched tokenized U.S. stocks on its Base blockchain. The initial offering includes shares of Apple, Nvidia, Meta, and Alphabet.
Eligible non-U.S. investors can trade these assets 24/7. The platform also integrates these tokens into the decentralized finance (DeFi) ecosystem.
Coinbase issues the digital tokens under the Abu Dhabi Global Market (ADGM) regulatory framework. Alpaca, a regulated broker and custodian, holds the underlying shares. Each token maintains 1-to-1 backing to ensure a direct claim on the stock.