Netflix (Coinbase Tokenized Stock) NFLXc
Netflix (Coinbase Tokenized Stock) (NFLXc) is a tokenized exposure to NFLX 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 communication services 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. 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. NFLXc has been issued on Base as a B20 token since September 2026.