Exciting news for cryptocurrency enthusiasts as tokenized versions of major US stocks are now live on Base, Coinbase’s Ethereum layer-2 network.
Base has officially announced that tokenized stocks issued by Coinbase, one of the top US crypto exchanges, are now available on the chain.
These tokenized stocks are represented by the network’s native token B20, which are backed 1:1 by real shares held by a regulated custodian in a secure structure.
Non-US users who are eligible can now hold fractional shares of companies like Apple and NVIDIA directly in their self-custody wallets. This innovation also allows for 24/7 on-chain trading.
Base is celebrating the launch with a clear message: “Tokenized stocks are live on Base, and ready for builders.”
The announcement also highlights a broader vision for on-chain finance, stating that “tokenized stocks issued by Coinbase, built on the B20 standard, are now live natively on Base. These are real shares, held 1:1 by a regulated custodian, owned outright by whoever holds the token.”
B20 tokens are ERC-20 compatible, making them easy to use across different wallets and protocols. Dividends and splits are handled through an on-chain multiplier.
More tokenized stocks from Coinbase are expected to be released in the coming weeks, offering users even more investment opportunities.
Coinbase has partnered with decentralized oracle network Chainlink to provide continuous price data for the tokenized shares, ensuring transparency and reliability.
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Don’t miss out on this exciting development in the world of cryptocurrency and finance!
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