Coinbase Launches Tokenized Stocks on Base, Bitwise Adds Automated Portfolios
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· body · New information from a source
Coinbase has launched tokenized stock tracking tokens on Base, the Ethereum layer-2 network it operates, according to Decrypt.The tokens represent shares held by regulated custodian Alpaca and can be traded or used in DeFi applications on Base, Decrypt reported.A separate Decrypt report said the tokens are not derivatives tracking stock prices but carry a direct claim on the underlying share, including its rights.Four tokens covering Nvidia, Apple, Meta and Alphabet went live for non-US users, according to The Defiant, which reported about $4.5 million minted and $3 million in DEX liquidity on the first day.Chainlink price feeds update 24/5 even though the tokens trade 24/7, The Defiant said.Bitwise built automated portfolios on top of the tokens, launching products targeting Magnificent Seven, AI and robotics themes, powered by Coinbase and implemented through Glider, according to The Block and CoinDesk.- Coinbase launched tokenized stock tokens on Base, starting with four names — Nvidia, Apple, Meta and Alphabet — available to non-US users, according to The Defiant.
- About $4.5 million worth of tokens were minted with roughly $3 million in DEX liquidity on the first day, The Defiant reported.
- Chainlink supplies price feeds on a 24/5 schedule even though the tokens themselves trade 24/7, per The Defiant.
- Decrypt reported that the tokens are not derivatives tracking a stock's price but carry a direct claim on an underlying share, including its associated rights.
- Bitwise moved quickly to build on the launch, rolling out automated tokenized-stock portfolios powered by Coinbase and implemented through Glider, according to The Block and CoinDesk.
- The portfolios target themes including the "Mag 7," AI and robotics, The Block reported.
· summary · New information from a source
Coinbase rolled out tokenized Nvidia, Apple, Meta and Alphabet shares on Base for non-US users, and Bitwise and Arcus quickly built new products on top of them.- Coinbase debuted tokenized Nvidia, Apple, Meta and Alphabet shares on Base for non-US users, and Bitwise immediately built automated portfolios on top of them.
· headline · New information from a source
Coinbase Launches Tokenized Stocks on Base, With Bitwise and Arcus Building Products on Top- Coinbase Launches Tokenized Stocks on Base, Bitwise Adds Automated Portfolios
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
Coinbase launched tokenized stock tokens on Base, starting with four names — Nvidia, Apple, Meta and Alphabet — available to non-US users, according to The Defiant. About Four tokens covering Nvidia, Apple, Meta and Alphabet went live for non-US users, with about $4.5 million minted and $3 million of DEX liquidity on day one.
worth of tokens were minted with roughly Four tokens covering Nvidia, Apple, Meta and Alphabet went live for non-US users, with about $4.5 million minted and $3 million of DEX liquidity on day one.
in DEX liquidity on the first day, The Defiant reported. Chainlink supplies price feeds on a 24/5 schedule even though the tokens themselves trade 24/7, per The Defiant. Decrypt reported that the tokens are not derivatives tracking a stock’s price but carry a direct claim on an underlying share, including its associated rights.
Bitwise moved quickly to build on the launch, rolling out automated tokenized-stock portfolios powered by Coinbase and implemented through Glider, according to The Block and CoinDesk. The portfolios target themes including the “Mag 7,” AI and robotics, The Block reported. Cointelegraph reported the portfolios rebalance automatically while letting eligible non-US investors keep the tokens in self-custodied wallets. The Defiant reported that only the Mag7X strategy is live so far, holding the four Coinbase-issued stock tokens, with two additional Bitwise models listed as “coming soon.”
Separately, Arcus launched pTokens on Robinhood Chain, transferable ERC-20 tokens representing a pro-rata stake in a perpetuals account at a fixed market and leverage level, according to The Block and Cointelegraph. Cointelegraph reported the design lets tokenized stocks back leveraged trades without requiring holders to sell them.
Sources: The Defiant, Decrypt, Cointelegraph, The Block, CoinDesk
This article is for information only and is not financial advice.
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Story so far 4 updates
- storyCoinbase Launches Tokenized Stocks for Apple, Nvidia, Meta and Alphabet on Base Networkupdate
- storyCoinbase Launches Tokenized Stocks on Base as Bitwise and Arcus Build on Topupdate
- storyCoinbase Launches Tokenized Stocks on Base, With Bitwise and Arcus Building Products on Topupdate
- storyCoinbase Launches Tokenized Stocks on Base, Bitwise Adds Automated Portfoliosupdate
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