Coinbase launches B20 tokenized stocks on Base

Coinbase made B20 tokenized US stocks available on Base Monday. Eligible non-US users can trade the tokens 24/7. Chainlink Data Feeds will provide continuous pricing for the assets. The feeds cover tokenized shares of Nvidia, Apple, Meta and Alphabet. DeFi protocols can use the assets in lending markets, decentralized exchanges and structured products. Tokenized shares can also serve as collateral for borrowing. Chainlink documentation says each token uses the underlying stock price and a Coinbase-supplied multiplier. The multiplier accounts for dividends and corporate actions. The tokens are issued natively on Base. Each token represents a direct claim on an underlying share held with regulated broker and custodian Alpaca. The structure is supervised by Abu Dhabi Global Market. Users can hold the tokens in self-custody wallets. More Coinbase tokenized stocks are expected on Base in the coming weeks. RWA.xyz data puts the total value of tokenized stocks at about $2.48 billion. The value increased 5.2% over the past 30 days. Monthly transfer volume reached $27.28 billion. The number of holders surpassed 2.1 million.