Coinbase debuts tokenized U.S. stocks on Base with four initial shares

Coinbase debuted tokenized U.S. stocks on its Base blockchain on Monday. The initial offering includes Apple, Nvidia, Meta and Alphabet. Eligible investors outside the U.S. can access the tokens. Each token represents a share held 1:1 with Alpaca, a regulated broker and custodian. Abu Dhabi Global Market regulation governs the tokens. Coinbase established its international tokenization hub in Abu Dhabi. Coinbase said more stocks will follow. Kraken and Binance are also pursuing onchain stock trading. RWA.xyz data shows banks and asset managers have moved tens of billions of dollars of U.S. Treasuries, private credit and investment funds onchain. Citi projected that tokenized securities could reach $5.5 trillion by 2030.