U.S. stocks have moved on-chain, one step further.
According to Base official sources and reports from CryptoBriefing and others (around September 4), Coinbase’s tokenized U.S. stocks on Base expanded from 4 to 10. Newly added: Amazon, Microsoft, Strategy, SanDisk, SpaceX, and Tesla; the previous ones were Nvidia, Apple, Meta, and Alphabet.
What’s worth watching isn’t the list itself, but the structure: the B20 token corresponds 1:1 to the underlying equity held in custody accounts (custodian Alpaca), can be traded 24/7, split into fractions, and plugged into DeFi. The first four tokens saw about $10.8 million in trading volume on day one—demand is not empty.
My judgment: this looks more like opening a channel for non-U.S. users to avoid some cross-border account-opening friction, rather than meaning the U.S. domestic regulatory framework is already in place. Unlisted assets like SpaceX are also on the list, so the scope is broader than just "moving the Nasdaq onto the blockchain," but it is even more important to distinguish this: what you hold is a claim to equity rights, not the traditional brokerage account setup.
Eligibility and compliance should be verified separately. This does not constitute investment advice.