Coinbase launches tokenized stocks on Base for non-U.S. users

Coinbase launched its tokenized stocks on Base for eligible users outside the United States. Alpaca holds the underlying shares as a regulated broker and custodian. Each token gives holders a direct claim on an underlying share rather than a derivative tied to its price. The initial offering includes fractional shares of Apple and Nvidia. Users can hold the tokens in self-custody wallets. Users can trade the tokens on Aerodrome. Users can also use them as collateral on Aave. Coinbase's B20 standard processes dividends and stock splits without changing token balances or disrupting DeFi positions. Availability varies by jurisdiction and may require identity checks or other restrictions. Base said it will add more Coinbase-issued stocks and other real-world assets in the coming weeks.