Eli Lilly (Coinbase Tokenized Stock) LLYc
Eli Lilly (Coinbase Tokenized Stock) (LLYc) is a tokenized exposure to LLY 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 health care sector in North America. Each token tracks one underlying share, entitles holders to dividends, which are reinvested into the token, and carries voting rights. The underlying shares are held by Alpaca Securities LLC in segregated accounts within a bankruptcy-remote structure, with Onchain Marketplace Ltd as transfer agent. Institutions worldwide can mint and redeem directly with Coinbase in LLY common stock, USD, and USDC after completing KYC. Residents of the United States cannot mint or redeem with Coinbase. Coinbase Onchain SPV Ltd is incorporated in the United Arab Emirates, 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. LLYc has been issued on Base as a B20 token since September 2026.