TREE NEWS update: Coinbase has natively launched tokenized stocks on its Base blockchain, built on the B20 standard, with regulated custodian Alpaca holding the underlying shares 1:1. Non-US users can now access US equities via a wallet without a brokerage account, trade in 24/7 AMM pools, and use tokens as collateral in DeFi protocols like Aave.
Coinbase Launches Tokenized Stocks on Base, Enabling DeFi Access to US Equities
The structural point is the combination of 24/7 AMM trading and DeFi collateral, which gives tokenized equities a composability that traditional brokerage exposure never had. That matters most for non-US users who gain equity access without opening a brokerage account, though the reliance on Alpaca's 1:1 custody means the token layer is only as sound as the regulated wrapper beneath it. The open question is whether these tokens develop real secondary liquidity or stay a niche on Base.
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