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Base adds six new Coinbase tokenized stocks including Amazon and Tesla
Coinbase's onchain equities offering doubles to ten stocks as tokenized assets gain traction on its Layer 2 network
Coinbase just doubled its tokenized stock lineup on Base. Six new tickers, covering Amazon, Microsoft, SpaceX, Tesla, SanDisk, and MicroStrategy (now known as Strategy), have joined the platform’s growing roster of onchain equities, bringing the total to ten tradeable tokenized stocks.
The expansion comes weeks after Coinbase’s initial launch of tokenized stocks on August 24, which debuted with four tokens representing shares in Nvidia, Apple, Meta, and Alphabet. That first batch generated roughly $4.5 million in minted supply and $10.8 million in trading volume within its first 24 hours.
What tokenized stocks actually are
Think of these tokens as digital wrappers around real shares. Each B20 token, Coinbase’s proprietary standard for tokenized equities, represents a 1:1 beneficial claim on an underlying share held in regulated custody by Alpaca. So when you hold an AMZNc token in your self-custody wallet, there’s an actual Amazon share sitting in a custodial account backing it up.
These tokens unlock capabilities that traditional brokerage accounts simply can’t match. Trading happens 24/7, not just during market hours. Fractional ownership means you don’t need to shell out for a full share of Amazon or Tesla. And because these tokens live on Base, Coinbase’s Ethereum Layer 2 network, they plug directly into the broader DeFi ecosystem.
Around 50 protocols, including heavyweights like Aerodrome and Aave, offered support for the tokenized stocks at launch. That means holders can potentially use their stock tokens as collateral for lending, provide liquidity in trading pools, or compose them into more complex financial strategies.
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The full roster
The ten tokenized stocks now available on Base span some of the most recognizable names in global markets. The original four: NVDAc (Nvidia), AAPLc (Apple), METAc (Meta), and GOOGLc (Alphabet). The six newcomers: AMZNc (Amazon), MSFTc (Microsoft), SPCXc (SpaceX), TSLAc (Tesla), SNDKc (SanDisk), and MSTRc (Strategy, formerly MicroStrategy).
Why this matters beyond Base
The primary audience right now is non-US users, who often face friction accessing American equity markets through traditional brokers. For someone in Southeast Asia or Latin America, buying fractional Apple shares through a self-custody wallet at 2 AM local time is a materially different experience than navigating the paperwork and fees of an international brokerage account.
The $10.8 million in first-day trading volume for just four stocks demonstrates real demand for onchain equity trading. And with six more stocks now in the mix, plus the possibility of additional listings, that volume has room to grow. Coinbase has signaled it plans to expand beyond equities into other real-world assets on Base.