Coinbase’s Tokenized Stocks Are Live on Base. The SEC’s Framework Isn’t.

Coinbase has launched tokenized U.S. equities on the Base blockchain. The August 24 rollout includes 13 stocks — NVDAc, METAc, AAPLc, GOOGLc, AMZN, COIN, CRCL, INTC, MSFT, MSTR, SNDK, SPCX, and TSLA — each representing a direct claim on the underlying share, …