# Request for Builders: Tokenized Stocks

**Published by:** [Base](https://blog.base.org/)
**Published on:** 2026-09-01
**URL:** https://blog.base.org/request-for-builders-tokenized-stocks

## Content

Tokenized stocks are now live on Base - issued by Coinbase and available to eligible non-US users. Programmable equities change what finance can do. For the first time, equities are programmable, composable, and available onchain. But it’s still early. Once equities work as native onchain assets, the design space opens up fast, and most of it is still unbuilt. The next wave of crypto-native and fintech builders will shape better financial primitives and unlock entirely new use cases. We’re excited to back the teams building it. Neobrokerages Tokenized stocks make it possible to build new brokerage experiences for users who have historically had little or no access to US markets. In many emerging markets, access has been limited by high fees, weak infrastructure, and products that were never designed for local users. We think the opportunity here goes beyond simply putting stocks onchain. Builders could combine tokenized stocks with fiat onramps and local stablecoins, so a user moves between them without ever thinking about the plumbing underneath. Ownership should feel simple and frictionless. Personalized Index Creation Tokenized stocks unlock a new kind of portfolio construction by combining two things that have not really existed together before. First, single-name, composable stocks with deep underlying liquidity. Second, intelligent interfaces powered by AI. That combination makes it possible to understand and manage highly specific preferences at the individual level. Users should be able to express exactly what they want exposure to and what they do not, and have that translated into a portfolio that is fast, programmatic, and cost-efficient. That was difficult to do with traditional offchain index managers, which usually need scale to make the economics work. As a result, they tend to optimize for broad products, not personal ones. Tokenized stocks open the door to more personalized portfolio construction. Gifting and Rewards We already move value between people all the time through gifts, rewards, referrals, and incentives. Tokenized stocks open new use cases for those transfers because the value being shared can be programmable rather than static. Personal: new ways to structure gifts of investments to friends and family, including time-locked structures. Corporate: a new tool for loyalty and retention, where businesses can distribute ownership directly to customers instead of relying on cash or points. This can power rewards, referrals, cashback, and other programs that strengthen the customer relationship over time. Yield Stripping and Credit on Productive Assets Some tokenized stocks may have yield-generating mechanics associated with them. That makes them productive assets, and productive assets create a much larger design space. When an asset produces income, builders can create new ways to separate the principal from the yield, or trade them independently. That opens up products for users who want income, price exposure, or upfront liquidity. That also changes what credit can look like. Once assets are productive, lending can become more dynamic too. We’re interested in lending models that take future yield into account, including self-repaying structures and other borrow products built around assets that keep generating value over time. There is design space for more composable products on top of this, in combination with derivatives, perps, options, and other structures that blend price exposure with yield generation to create new payoffs and lending primitives. Memes and Agents Tokenized stocks can bring crypto-native mechanics to equities, opening up a new class of market participants and products. A good example is memestocks: tokens that trade on attention the way a memecoin does, linked to an underlying equity. Once equities are programmable, they can be combined with memes, agents, and prediction markets to create entirely new kinds of products. Memestocks can do more than mirror traditional stocks. They can create direct linkages between memes and stocks, such as liquidity pairs that tie a meme token and an equity token together, or trading mechanisms that route fees into purchases of the underlying stock. They can also help bottom-up communities bootstrap interest in small- and mid-cap names, giving retail a way to coordinate around companies and build support organically. Once crypto, stocks, meme tokens, prediction markets, and agent-managed portfolios all live onchain, builders can create novel hybrids across asset classes: conditional markets on tokenized stocks, or futarchy-style decision markets for real corporations. Agents with wallets can allocate into tokenized stocks on their own, turning the token into exposure to a live portfolio as it accrues value. In that world, retail participation gets new mechanisms to coordinate, signal preference, and interact with markets. Get in touch! If you’re building in any of these areas, or exploring something close to them, we’d love to hear from you. Base Batches 004 is now open for applications - apply here! Disclaimer: This post is for informational and educational purposes only. It describes categories of applications that developers could build on Base and is not an offer, solicitation, or recommendation to buy, sell, or hold any digital asset, security, or investment product. Base does not issue tokenized stocks; tokenized stocks referenced in this post are issued by Coinbase and are only available to eligible users in permitted jurisdictions outside the United States. This post does not describe any product Base offers to consumers. Base is open-source, permissionless blockchain infrastructure. Each application, product, and token built on Base is deployed and operated independently by its own developers, who are solely responsible for their design, functionality, and compliance with applicable laws. Nothing in this post is a warranty, endorsement, or guarantee of any specific outcome, return, or performance. Base Batches is an accelerator program - all entries are subject to the Base Batches terms and conditions. Selection for or participation in Base Batches does not constitute an endorsement of any project's business model, tokens, or legal compliance. Applicants and participants are responsible for their own regulatory posture, including any obligations under securities, commodities, banking, tax, sanctions, or consumer-protection laws in the jurisdictions where they operate. Nothing herein constitutes legal, financial, tax, or investment advice. Consult your own advisors before building, deploying, or participating in any of the categories described above.

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