Coinbase tokenized stocks on Base bring 24/7 onchain equities

Coinbase tokenized stocks have launched on Base, expanding onchain equities into DeFi. The products are issued by Coinbase using Base’s B20 token standard and are backed 1:1 by underlying US shares held with regulated custodian Alpaca. Eligible users outside the US can hold the tokenized stocks in self-custody wallets with a direct beneficial claim to the corresponding shares. Unlike traditional equities, Coinbase tokenized stocks can trade around the clock via Base onchain markets. Initial listings include tokenized Apple, Nvidia, Meta, and Alphabet, with more Coinbase tokenized stocks expected in the coming weeks. The launch also integrates these assets into Base DeFi. Aerodrome provides liquidity for tokenized stock trading, while lending protocols including Aave enable borrowing and lending against the tokenized equities. Traders and users could therefore combine tokenized stocks with stablecoins, use stocks as loan collateral, supply them to liquidity markets, or plug them into automated investment products. B20 extends ERC-20 and is designed to stay compatible with existing wallets and DeFi tooling. Base says corporate actions like dividends and stock splits are managed via an onchain multiplier to reduce disruption to existing positions. The structure is positioned to make equities “programmable” similarly to crypto assets and stablecoins, and Base says autonomous-agent projects (e.g., Virtuals, Treasures) are already integrating tokenized assets.