Base, Coinbase’s Layer-2 network, issued a public call for builders to tokenize non-US equities from global markets, aiming to create a global, composable layer for stock market access beyond US shares.

The B20 framework restricts minting and redemption to authorized participants, with retail users trading tokens on secondary markets, mirroring ETF-like structure and compliance needs.

Tokenized equities on Base could serve as collateral in lending protocols, be traded via automated market makers, bundled into index products, or paired with stablecoins in liquidity pools, signaling broader DeFi and traditional-market integration.

Regulatory context sees current tokenized US equities on Base available to eligible non-US persons under Regulation S, excluding American investors, with ADGM providing a crypto-friendly issuance framework used for these tokens.

This push follows Base’s August 2026 launch of tokenized US equities (Nvidia, Apple, Meta, Alphabet) on the B20 standard, minted 1:1 with real shares custodied at Alpaca under ADGM regulation, and rapid early trading activity, later expanding to Amazon, Tesla, and Microsoft.

The builder call targets neobrokerages, local-market integrations, and onramps for emerging markets to tokenize harder-to-access equities, emphasizing local onramps and stablecoin integrations.

Overall goal is to lower barriers to global equity access, reduce costs for foreign investors, and grow the ecosystem by crowdsourcing tokenization across jurisdictions while maintaining 1:1 backing and regulatory compliance.