COINBASE TOKENIZED STOCKS LIVE ON BASE

Summary from the TLDR Crypto newsletter

Coinbase launched four tokenized equities on Base under the B20 standard (NVDAc, METAc, AAPLc, and GOOGLc), with shares held 1:1 by Alpaca under Abu Dhabi Global Market supervision, restricted to non-US users in eligible jurisdictions. Day-one activity reached $4.55M in combined onchain value, $3.06M in DEX liquidity, and $10.8M in 24-hour volume across approximately 50 integrated protocols including Aave, Morpho, Aerodrome, 0x, and 1inch. B20 extends ERC-20 for full composability with existing wallets and routers. Dividends and splits settle via an onchain multiplier that keeps position balances static, preventing disruptions to DeFi collateral positions. The launch enters a $2.48B tokenized public equities market currently led by Ondo at $872.7M, with agentic trading integrations already underway through Virtuals and Treasures.