Coinbase adds tokenized stocks for six companies on Base network
Tech & Launches ·
The exchange has rolled out on-chain versions of Amazon, Microsoft, Strategy, SanDisk, SpaceX, and Tesla shares built on Coinbase's layer-2 network.
The listing brings six tokenized equities to the Base ecosystem, giving crypto-native users exposure to shares of major public companies alongside a privately held one, SpaceX, through blockchain-based instruments rather than traditional brokerage accounts. Tokenized stocks aim to replicate the price exposure of underlying shares while settling and trading within crypto market infrastructure, a model that has drawn growing interest as exchanges look to blur the line between digital assets and conventional securities.
The move sits alongside a separate regulatory push at Coinbase: the company has filed with the SEC to offer single-stock perpetual futures to US investors, a step that would expand its regulated derivatives lineup beyond the tokenized-equity product, according to cryptopotato.com. Taken together, the two efforts point to Coinbase building out multiple pathways for trading exposure to individual company stocks on-chain, from spot-like tokenized shares to derivatives contracts pending regulatory approval.
The inclusion of Strategy and SanDisk alongside larger names like Amazon, Microsoft, and Tesla suggests the initial slate spans both companies with existing ties to crypto markets and more traditional household names, though no detail has been provided on trading volumes, custody arrangements, or how closely the tokens track underlying share prices. SpaceX's presence is notable given it is not a publicly traded company, raising questions about how that token is structured and backed compared to the other five listings tied to publicly listed equities.
It remains unclear what collateral or custodial model underpins each tokenized stock, whether the products are available to US users given the regulatory sensitivities around tokenized securities, and how this launch interacts with the pending perpetual futures filing at the SEC. Further detail on eligibility, liquidity, and regulatory sign-off for both the Base-based tokenized stocks and the derivatives filing is expected as the products move toward wider rollout.