Coinbase Tokenized Stocks went live on Base on Aug. 24, 2026, with NVDAc, METAc, AAPLc and GOOGLc representing Nvidia, Meta, Apple and Alphabet shares. Token Terminal later added AAPLc and GOOGLc to its tokenized-assets dashboard, where GOOGLc was valued at roughly $1.5 million and AAPLc at approximately $1.29 million, with about 4,166 AAPLc tokens in circulation and a price near Apple’s stock price of $310. Chainlink price feeds allow eligible DeFi protocols to value the assets, set borrowing limits, monitor loan health and determine liquidation conditions, while independent teams including 628 Labs, Superform, IPOR and Portals have built or begun building lending and carry-trade vaults. About $4.55 million of the initial tokens were minted or reported as combined market capitalization, more than $3 million in decentralized-exchange liquidity was deployed, and trading volume reached $10.8 million during the first days, with Aerodrome the main venue. Users may be able to post tokens such as NVDAc as collateral, borrow stablecoins and deploy them into yield strategies, although collateral ratios, liquidity, market availability and access rules remain application-specific. Coinbase Onchain SPV Ltd. issues the securities through an Abu Dhabi Global Market structure for eligible non-U.S. investors; U.S. persons remain excluded.