Coinbase-Issued Tokenized Stocks Go Live on Base, Including Apple and NVIDIA

Base has added Coinbase’s tokenized equities using the B20 framework, giving eligible users access to blockchain-based representations of companies such as Apple and NVIDIA. Eligible users can hold these tokens directly in self-custody wallets and use them across decentralized-finance applications on Base.

Base said a regulated custodian holds real shares backing the tokens on a 1:1 basis.

Alpaca, a regulated broker and custodian, holds the underlying shares backing the tokens. Eligible users can use the tokenized stocks for onchain trading, lending, and other financial applications.

Source: Base