Someone outside the US who wants a few shares of Apple or NVIDIA usually hits the same wall: no US brokerage account, a local broker that only reaches a handful of US tickers with a markup on top, or a multi-day wire to fund an account before a single share trades. None of that is new. What’s new is that as of August 2026, there’s a version of Apple stock that settles in seconds into a self-custodial wallet, trades on weekends, and doesn’t ask for a brokerage account at all.
What a tokenized stock actually is
Coinbase issues these as B20 tokens on Base, Coinbase’s Ethereum layer-2 network. Each one is backed 1:1 by a real share of the underlying company, held by Alpaca — a regulated broker-custodian — inside a bankruptcy-remote structure supervised by the Abu Dhabi Global Market. The first four out the door were NVIDIA, Meta, Apple, and Alphabet; more have followed since. Because B20 extends ERC-20, the tokens work with wallets and DEXs that already speak that standard, and because they trade on onchain liquidity pools rather than a stock exchange, they don’t close at 4pm or take weekends off. Dividends and splits are applied through an onchain multiplier rather than by minting or burning tokens, so a balance you’re not watching doesn’t silently change shape underneath you.
What you’re actually holding
Here’s the part worth being precise about, because “you own the stock” and “you have a claim on the stock” are not the same sentence. Coinbase’s own materials say a tokenholder owns “a real share… you actually own.” Galaxy Research’s read is more careful: the shares sit with Alpaca inside a special-purpose vehicle, and what the tokenholder holds is a claim on that vehicle’s shares — mediated by Coinbase’s terms, not a registered position in your name with a transfer agent. That’s the “third-party issuer” model. The alternative, “issuer-sponsored” tokenization, would have the actual company on the other end of the token, and nobody’s built that at scale yet. The SEC has floated a time-limited “innovation exemption” that would give onchain trading of tokenized securities like these clearer legal footing, but as of this writing it hasn’t been published. None of that makes the tokens fake — Alpaca really does hold the shares, and the custody structure is real — but “direct ownership” oversells what’s actually a well-collateralized claim on someone else’s custody arrangement.
Where Mo fits, today
Mo already lists 10 of these: AAPLc, NVDAc, METAc, GOOGLc, AMZNc, MSFTc, TSLAc, MSTRc, SNDKc, and SPCXc, all live on Trade right now, not on a roadmap. You buy and sell them the same way you’d swap any other asset in Mo — one quote, one confirm — at a flat 0.1% conversion fee with no spread hiding behind it, and whatever you buy lands in your own wallet, not a custodial balance inside Mo. Coinbase restricts these specific tokens to eligible non-US persons, and Mo follows that restriction rather than working around it, so availability depends on where you are. The full list, with contract addresses and per-asset detail, is on Supported Assets.
If the third-party-issuer model bothers you, that’s a reasonable instinct, and it’s worth watching whether an issuer-sponsored alternative or the SEC’s exemption actually lands before treating this as settled infrastructure rather than an early version of it. What’s not early is the plumbing: the tokens exist, they’re liquid, and they sit in the same wallet as your USDC.
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