Aerodrome launches tokenized stocks for Nvidia, Meta, Apple, and Google on Base

You can now trade tokenized versions of four of the world’s biggest tech stocks on a decentralized exchange. Aerodrome, the dominant DEX on Coinbase’s Base network, has gone live with liquidity pools for Nvidia, Meta, Apple, and Alphabet (Google), each represented as onchain tokens backed 1:1 by actual shares.

The tokens, branded NVDAc, METAc, AAPLc, and GOOGLc, were issued by Coinbase and launched on August 24. Combined onchain value at launch hit roughly $4.55 million, and Aerodrome’s governance token AERO climbed about 11.3% on the news, trading at approximately $0.5334 with around $94.3 million in volume.

What exactly are these tokens

Each token represents a one-to-one claim on a real share of the underlying company. The actual equities sit in regulated custody at Alpaca, operating under the Abu Dhabi Global Market regulatory framework.

The tokens use the B20 token standard, which is designed to handle corporate actions like dividends and stock splits onchain.

One important caveat: these tokens are only available to eligible users outside the United States.

Aerodrome’s liquidity play

Aerodrome moved quickly to establish itself as the primary trading venue for these new assets. At launch, the Nvidia token pool (NVDAc) held roughly $957,000 in liquidity, making it the deepest of the four. The Meta, Apple, and Google pools each landed in the $619,000 to $669,000 range.

The AERO token’s 11.3% surge on launch day reflects traders pricing in the possibility that tokenized stocks could become a durable source of trading fees and liquidity provider incentives for the protocol.

The bigger picture: stocks meet DeFi composability

Because these assets live on Base, they’re composable with the broader DeFi ecosystem. Aerodrome’s integration with protocols like Aave means that, in theory, you could use a tokenized stock position as collateral for a loan, or pair it with a stablecoin in a yield-generating strategy.

The 24/7 trading element is worth noting too. US stock markets operate roughly 6.5 hours a day, five days a week. These tokenized versions trade continuously, and for international users in different time zones, that removes a real friction point.

The choice to restrict access to non-US users and to custody assets under Abu Dhabi’s regulatory regime reflects the regulatory complexity involved in tokenized equities.

The expectation is that additional tokenized stocks could follow in the coming weeks.

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