Coinbase Launches Tokenized Nvidia, Apple, Meta and Alphabet Shares on Base L2 Network

Coinbase on August 24 launched tokenized stock tokens on its Ethereum layer-2 network Base, bringing shares of Nvidia, Apple, Meta and Alphabet on-chain for non-US users under the tickers NVDAc, AAPLc, METAc and GOOGLc. The tokens are backed by shares held with regulated custodian Alpaca and can be traded around the clock or deployed in decentralized finance applications on Base. On the first day of trading, roughly 4.5 million dollars worth of tokens were minted and approximately 3 million dollars in decentralized exchange liquidity was established.

Coinbase selected Chainlink as its oracle infrastructure, with Chainlink Data Feeds supplying continuous real-time price data to developers and protocols across the ecosystem on a 24-hours-a-day, five-days-a-week basis, even as the tokens themselves trade 24 hours a day, seven days a week. The launch positions Coinbase directly in the rapidly expanding tokenized equities space, giving DeFi protocols on Base access to live pricing for major US technology stocks.