Gifted StockWhat is a tokenized stock on Base?
by Ali Tiknazoglu · updated oct 10, 2026
A tokenized stock on Base is a real company share as a token. Coinbase issues it, one token per share, backed one to one by a share held with a regulated custodian. It sits in any wallet on Base like any other token and trades against USDC at any hour - NVIDIA is NVDAc and Apple is AAPLc.
How they work
- issuer
- Coinbase.
- backing
- One token per share, held with Alpaca, a regulated broker and custodian, under Abu Dhabi Global Market rules: CoinDesk ↗.
- standard
- B20, Base's token standard for tokenized assets: an extension of ERC-20, audited by Base and Spearbit: Base docs ↗.
- ticker
- The company's ticker with a c: NVDAc, AAPLc, TSLAc.
- price
- Chainlink feeds follow the market 24/5 for the stocks in the Gifted Stock boxes; newer ones trade at their pool's price.
- dividends
- Cash dividends become more shares through a multiplier: after one, a token can redeem for, say, 1.02 shares.
- launched
- 24 August 2026, with Apple, NVIDIA, Meta and Alphabet; more have been added since.
- who can hold
- People in eligible places outside the US. KYC applies only to the issuer's mint and redeem.
How to get one
- Buy it with USDC. Several stocks in one transaction from any wallet: how to buy tokenized stocks on Base.
- Win it. A $0.10 or $1 box on Base opens into a random slice of one: how to buy and open a box.
- Get it free. Projects give away boxes in campaigns: how to get free tokenized stocks.
- Gift it. Send a sealed box to a friend: how to gift a stock.
Every tokenized stock on Base has its own page with its live price and contract: tokenized stocks on Base. The Robinhood Chain counterpart: what are stock tokens on Robinhood Chain.
Questions
Is a tokenized stock backed by a real share?
Yes. Each token is backed one to one by a share held with Alpaca, a regulated broker and custodian. It tracks the share's price and cash dividends turn into more shares through a multiplier.
Do I need a Coinbase account?
No. A wallet on Base is enough to buy, hold, send or sell one. KYC applies only to the issuer's own mint and redeem.
What does the c in NVDAc mean?
It tells the token apart from the share: NVDAc is Coinbase's tokenized NVIDIA share on Base.
Where do tokenized stocks trade?
On Aerodrome and through routers such as 0x, 1inch, KyberSwap and CoW Swap. On Gifted Stock you can buy and sell them with USDC, several in one transaction.
Can I hold tokenized stocks in the US?
No. Coinbase tokenized stocks are not offered to US persons and they are not available everywhere else either.