Duolingo (Coinbase Tokenized Stock)DUOLc
Duolingo (Coinbase Tokenized Stock) (DUOLc) is a tokenized share of DUOL issued by Coinbase through Coinbase Onchain SPV Ltd and distributed through Onchain Marketplace Ltd with Alpaca Securities LLC as broker. The underlying security is listed in the information technology sector in North America. Each token represents one underlying share, entitles holders to dividends, which are reinvested into the token, and carries voting rights. The underlying shares are held by Alpaca in accounts segregated from the issuer's own funds, with Onchain Marketplace Ltd as transfer agent and Deloitte & Touche (M.E.) LLP as auditor. Institutions worldwide can mint and redeem directly with Coinbase in DUOL Class A shares, USD, and USDC after completing KYC. 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. Holder terms are governed by the law of the United Arab Emirates. DUOLc has been issued on Base as a B20 token since September 2026.