Coinbase Launches Tokenized Stocks on Base Network, Featuring Apple and NVIDIA
Coinbase has officially launched tokenized stocks on its Base network, an Ethereum layer-2 solution. This initiative allows eligible non-US users to hold fractional shares of prominent companies such as Apple and NVIDIA directly in self-custody wallets.
The tokenized stocks are built on the network's native B20 token, which represents real shares held 1:1 by a regulated custodian in a secure structure. This enables 24/7 on-chain trading, significantly enhancing accessibility and liquidity for investors.
Coinbase emphasizes that these tokenized stocks are real shares, owned outright by the holders of the tokens. The B20 tokens are ERC-20 compatible, facilitating seamless integration across various wallets and protocols. Additionally, dividends and stock splits will be managed through an on-chain multiplier.
As part of this rollout, Coinbase is utilizing Chainlink's decentralized oracle network to provide continuous price data for the tokenized shares. More tokenized stocks from Coinbase are anticipated to be introduced in the coming weeks, marking a significant step towards broader adoption of on-chain finance.
FAQ
What are tokenized stocks on Coinbase's Base network?
Tokenized stocks on Coinbase's Base network allow eligible non-US users to hold fractional shares of prominent companies like Apple and NVIDIA directly in self-custody wallets, using the B20 token which represents real shares held 1:1 by a regulated custodian.
How does the trading of tokenized stocks work?
Tokenized stocks can be traded 24/7 on-chain, providing enhanced accessibility and liquidity for investors. The B20 tokens are ERC-20 compatible, allowing for seamless integration across various wallets and protocols.
Are the tokenized stocks real shares?
Yes, the tokenized stocks are real shares owned outright by the holders of the tokens, with the underlying shares held securely by a regulated custodian.
How will dividends and stock splits be managed for tokenized stocks?
Dividends and stock splits for tokenized stocks will be managed through an on-chain multiplier, ensuring that holders receive their entitlements accurately.
What technology is Coinbase using to provide price data for tokenized stocks?
Coinbase is utilizing Chainlink's decentralized oracle network to provide continuous price data for the tokenized shares, ensuring accurate and real-time pricing information.
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