Coinbase Launches Tokenized US Stocks on Base Chain, Enabling 24-Hour Trading — BigGo Finance
Coinbase launched tokenized US stocks on its Base blockchain, enabling 24/7 trading. Initial offerings include Apple (AAPL), Nvidia (NVDA), Meta (META), and Alphabet (GOOGL). Tokens are backed 1:1 by real shares held by Alpaca, regulated under Abu Dhabi's framework. Available to non-US investors, the tokens can be traded on decentralized exchanges and used in DeFi applications. Coinbase plans to add more tokenized listings soon.
How this was made
The 30-second read
Why it matters
The launch could expand Coinbase's product suite and attract institutional market makers to DeFi.
Market read
First US exchange to offer on-chain tokenized equities, potentially reshaping equity trading hours and venues.
What to watch
Limited to non-US investors; tokenized stocks may face liquidity constraints on DeFi platforms.
Background
Coinbase's Base chain tokenizes US equities, backed 1:1 by real shares held by Alpaca under ADGM supervision.
Ticker impact
Coinbase announced the launch of tokenized US stocks on its Base chain, a new product offering.
Short-term upside as traders explore tokenized stocks.
First-mover advantage in tokenized equities; market interest in 24/7 trading.
Market effects
May spur other crypto exchanges to develop similar tokenized equity products.
Highlights ADGM's role as a regulatory hub for tokenized assets.
Introduces 24/7 on-chain equity trading, potentially affecting global equity market liquidity.
Counterpoint
Regulatory uncertainty could limit adoption and expose Coinbase to compliance risk.
Key entities
- companyCoinbase
US cryptocurrency exchange launching tokenized stocks.
- platformBase
Coinbase's Layer 2 blockchain used for tokenization.
- companyAlpaca
Regulated broker and custodian holding the underlying shares.




