Coinbase defends tokenized stocks as real shares but blocks US investors
- —AAPLc, NVDAc, METAc and GOOGLc tokens launched on Base on August 24
- —The issuer is Coinbase Onchain SPV Ltd. in ADGM; broker and custodian is Alpaca Securities
- —Monthly trading volume in tokenized stocks exceeded $730.9 million
- —Exchange fee is 0.05%; rights depend on verification and offshore intermediaries
Why it matters: The model sets a standard for tokenized stocks, but legal restrictions and criticism from Galaxy Research highlight the gap between marketing and actual holder rights.
Source: DiarioBitcoin