Token Terminal has added NVDAc to its tracking platform, providing visibility into a Coinbase-issued tokenized version of Nvidia common stock that trades on-chain. Launched on August 24, 2026, through Coinbase’s Onchain SPV Ltd entity on Base, NVDAc is designed to provide 1:1 economic exposure to Nvidia shares. Its market capitalization reached between $2.4 million and $2.63 million within two days. The B20-standard token is issued under Abu Dhabi Global Market regulations and backed by Nvidia shares held in segregated custody. Dividends and other corporate actions are processed on-chain, while trading takes place on decentralized exchanges rather than Coinbase’s main platform. Access is restricted to non-US investors, with US persons excluded. Coinbase has also introduced AAPLc, METAc and GOOGLc for Apple, Meta and Alphabet. Token Terminal now tracks more than 4,600 tokenized assets, up from roughly 300 earlier in 2026, with the sector’s combined market capitalization exceeding $345 billion as of mid-August 2026. Base, Coinbase’s Ethereum-built Layer 2 network, gives the company control over the infrastructure stack. The structure differs from earlier synthetic stock-token efforts by FTX and Binance, which ended amid regulatory crackdowns or, in FTX’s case, a more severe collapse. For eligible non-US investors, NVDAc offers around-the-clock on-chain settlement and wallet-based access without traditional brokerage requirements, currency conversion fees or multiday settlement delays.