Tokenized stocks

Coinbase generates revenue primarily from transaction fees on trades, alongside custody, staking, and subscription services.

Coinbase is a centralized cryptocurrency exchange where users buy, sell, store, and trade digital assets. It operates a retail trading app, an advanced trading platform, custody services, and the Base layer-2 network, and issues wrapped assets such as cbBTC and cbETH.

Coinbase Global, Inc. is a publicly traded company (NASDAQ: COIN) headquartered in the United States, serving retail and institutional customers.

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Coinbase

DraftKings (Coinbase Tokenized Stock) (DKNGc) is a tokenized share of DKNG issued by Coinbase through Coinbase Onchain SPV Ltd.

The underlying security is listed in the communication services sector in North America.

Each token represents one underlying share and entitles holders to dividends, which are reinvested into the token.

The underlying shares are held by Alpaca.

Residents of the United States cannot mint or redeem with Coinbase.

Coinbase Onchain SPV Ltd is offered under an SEC Regulation S exemption, is regulated in Abu Dhabi's ADGM, and is supervised by the Abu Dhabi Global Market Financial Services Regulatory Authority.

DKNGc has been issued on Base as a B20 token since September 2026.

DraftKings (Coinbase Tokenized Stock)DKNGc

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