Broadcom Tokenized Stock (AVGOC): Uses and Risks

Broadcom Inc. (Coinbase Tokenized Stock), ticker AVGOC, is an onchain certificate designed to provide economic exposure to Broadcom Inc. shares. It is issued by Coinbase Onchain SPV Ltd in the Abu Dhabi Global Market (ADGM). AVGOC is therefore not a token issued by Broadcom, and holding it should not be assumed to give you the same rights as owning Broadcom shares directly.

At launch, each token represents a 1:1 beneficial interest in a share held in a segregated custody account with a regulated broker-dealer and custodian. That ratio may change to account for reinvested distributions, fees, taxes, corporate actions, and other adjustments. The token’s value is intended to reflect the economics of the underlying shares, but its price can also be affected by trading conditions for AVGOC itself.

The token gives holders economic exposure to Broadcom through the underlying shares held in custody. Distributions received on those shares are generally reinvested after applicable taxes, fees, and expenses. The resulting benefit is reflected through an adjustment to the share-to-token ratio, rather than necessarily being paid to holders as cash. The ratio can also be affected by corporate actions and other adjustments.

AVGOC can be held and transferred on supported blockchain networks and may be used in decentralized finance markets. Whether a particular dApp supports it, and what terms apply, can vary. Check the token’s issuer documentation and the dApp’s rules before using it. The token’s description does not establish that holders can redeem it for shares or cash on demand; confirm any redemption options and eligibility requirements with the issuer.

AVGOC is issued on Base, an Ethereum layer-2 network. It is not a native network token: its purpose is to represent economic exposure to Broadcom shares, rather than to secure or pay for the operation of a blockchain. The token may be transferable or usable in DeFi applications that support it, but availability can differ by wallet, application, and location.

To hold AVGOC yourself, you would need a wallet that supports Base and the correct AVGOC token. Check the token identity carefully before sending funds, since a token with a similar name or ticker may not be the same asset. If you use an exchange or dApp instead of a self-custody wallet, the platform may control access to the token and may impose its own eligibility, custody, and withdrawal terms.

As of 2026-11-06, the reported price was about $302.15, with a market capitalization and fully diluted valuation of about $209,069 each. Reported 24-hour trading volume was about $67,327. These figures change, and trading prices can differ across venues. The reported circulating and total supply were both about 692 AVGOC, with no maximum supply listed.

The token’s price is linked to the economics of Broadcom shares, but it may not track them perfectly at every moment. Liquidity, demand for AVGOC, trading venue differences, and the token’s share-to-token ratio can all affect its market price. A token’s price, market capitalization, or trading volume at one point in time does not guarantee that it can be sold at that value later.

AVGOC carries risks beyond changes in Broadcom’s share price. Its operation depends on the issuer and the arrangements for holding the underlying shares, so issuer, broker-dealer, custodian, legal, and operational problems could affect holders. Token holders may also face smart-contract, blockchain, wallet, and transaction risks. The token may trade with limited liquidity or at a price that differs from the value implied by the underlying shares.

Before buying or transferring AVGOC, review the issuer’s current terms, including eligibility, fees, redemption rights, and how corporate actions are handled. Keep the token only in a wallet or with a service that supports the correct Base asset, and protect wallet recovery information from loss or disclosure. Tokenized securities can be restricted by local rules; check whether you are permitted to hold or trade AVGOC where you live. Do not treat it as a substitute for direct shares without understanding the legal and economic differences.