Coinbase launched 1:1 tokenized stocks on Base for non-US investors on Aug. 24. Chainlink provides pricing for Apple, Nvidia, and other shares. The tokens carry regulatory and custody risks despite the bankruptcy-remote structure.
Coinbase launched tokenized shares of Apple, Nvidia, Meta, and Alphabet on Base for eligible non-U.S. investors on Aug. 24. The tokens are backed 1:1 by shares held with a regulated custodian in a bankruptcy-remote structure. Chainlink supplies continuous pricing, allowing the securities to trade and be used in DeFi around the clock.
Coinbase received Financial Services Permission from Abu Dhabi Global Market's regulator before the launch. The approval permits tokenized-securities activities, including arranging investment transactions and custody. The tokens are offered under Regulation S and are unavailable to people in the United States or other restricted jurisdictions.
The B20 token standard governs the securities. Dividends and stock splits are reflected through an onchain multiplier, designed to prevent corporate actions from disrupting DeFi positions. Primary minting and redemption are limited to approved institutional participants that complete identity checks.
Chainlink Labs Chief Business Officer Johann Eid said: “Tokenized assets only reach their full potential when the broader ecosystem can build with them across DeFi.”
The legal structure behind the tokens determines the holder's enforceable rights, custody protections, and transfer restrictions. Blockchain availability does not remove issuer, custodian, liquidity, or jurisdictional risks. Tokenized equities remain traditional securities even when ownership claims move through blockchain tokens.
Coinbase's Alpha Score sits at 35 out of 100, reflecting mixed sentiment around the stock. Apple and Nvidia, whose shares are included in the launch, carry Alpha Scores of 56 and 68 respectively – both in the moderate range.
Base said more Coinbase tokenized stocks are expected over the coming weeks. The tokens are available now on Base for eligible non-U.S. investors with accounts on the exchange.
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