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10h ago

Coinbase Doubles Base Tokenized Stock Lineup to Ten, Adding Amazon and Tesla

Eligible non‑U.S. investors can now trade tokenized shares of major public companies and SpaceX onchain round the clock, with the assets plugging into decentralized finance.

Coinbase adds six tokenized stocks after $228m debut
Base (Coinbase L2) official brand mark 'The Square' (white on Base Blue) from the official base/brand-kit repository
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Overview

  • Coinbase expanded its B20 token series by adding six tickers—Amazon, Microsoft, Strategy (MSTRc), SanDisk, SpaceX and Tesla—bringing the live roster on Base to ten tokenized equities.
  • Each B20 token represents a 1:1 beneficial claim on an underlying share issued by an ADGM‑based SPV and held in regulated custody by Alpaca, and the offering is made under Regulation S so U.S. persons are excluded.
  • The tokens trade 24/7 on Base and have been integrated into decentralized exchanges and lending protocols, letting holders provide liquidity, use tokens as collateral, or compose them into onchain strategies.
  • Onchain metrics show rapid uptake with Token Terminal reporting about $227.7 million in DEX volume over a 30‑day window, but observers warn that concentrated pool liquidity, oracle timing and market‑hour gaps can cause price divergence and redemption delays.
  • The move extends Coinbase’s push to bring real‑world assets onchain and could broaden cross‑border access to fractional stock ownership, though it raises persistent legal, settlement and liquidity risks that market participants and regulators will watch closely.