Coinbase launches NVDAc, a tokenized NVIDIA stock representation on Base, with $2.4M initial market cap.
RWA & Tokenization ·
Coinbase has launched NVDAc, a tokenized representation of NVIDIA stock on the Base blockchain. The asset debuted with a market capitalization of $2.4M and is now tracked on Token Terminal's Tokenized assets dashboard.
NVDAc operates as a blockchain-native wrapper around NVIDIA equity, enabling trading and tracking across decentralized platforms. Token Terminal now indexes the asset alongside metrics including holder count, total value locked in DeFi protocols, and trading volume across decentralized exchanges.
The move reflects Coinbase's broader push into tokenized real-world assets on Base. Details about redemption mechanics, custody arrangements, and whether the token maintains real-time parity with NVIDIA's stock price remain unclear from available disclosures.