Coinbase Brings Tokenized US Stocks to Base Network for Offshore Investors

Coinbase $COIN launches tokenized US technology stocks on Base for non-US users. The product puts tokenized versions of Nvidia, Meta, Apple, and Alphabet onchain as transferable tokens for eligible non-US holders without brokerage accounts. Combined onchain value reached approximately $4.55 million with $10.8 million in 24-hour volume shortly after launch. Alpaca Securities LLC custodies the underlying equity shares in segregated accounts, while Chainlink provides price feeds. Minting costs 1 basis point and redemption costs 5 basis points, with dividends carrying a 5% distribution fee. "Base has built one of the most vibrant DeFi ecosystems out there, and Chainlink's oracle infra unlocks new utility for tokenized assets." — Antonio Garcia-Martinez, Head of Growth at Base. Offshore stock wrappers won't attract true institutional liquidity until domestic regulatory walls fall and allow direct US retail access.