Meta (Coinbase Tokenized Stock) (METAC): What It Is

Meta (Coinbase Tokenized Stock), ticker METAC, is an onchain certificate designed to provide economic exposure to shares of Meta. It is issued by Coinbase Onchain SPV Ltd in the Abu Dhabi Global Market. Initially, each token represents a 1:1 beneficial interest in shares held in a segregated custody account. That ratio can change to account for distributions, fees, taxes, corporate actions, and other adjustments.

METAC is not the same as buying Meta shares through a brokerage. It represents a beneficial interest in a pool of underlying shares and related property; it does not make the holder a direct shareholder in Meta. The issuer’s structure and the token’s legal terms determine what rights holders have, so review those terms rather than assuming they match ordinary shares.

METAC’s main stated purpose is to provide onchain economic exposure to Meta shares. It can be held and transferred on supported blockchain networks and may be used in decentralized finance markets where it is supported. Availability in a particular dApp or market is not guaranteed, and using a token in DeFi can add risks beyond holding it.

Distributions received on the underlying shares are generally reinvested after applicable taxes, fees, and expenses. The resulting economic benefit is reflected through an adjustment to the share-to-token ratio, rather than necessarily being paid to token holders as cash. The ratio may also be adjusted for other events or costs. Check the current issuer terms for details on transfers, eligibility, and any process for creating or redeeming tokens; access may be limited to holders who meet applicable requirements.

METAC is issued on Base, an Ethereum layer-2 network. It is not the native token of a blockchain. A wallet must support Base and the relevant token standard to hold or transfer it; sending it to an address or network that does not support METAC could result in loss of access. Confirm the network and token contract through reliable official materials before making a transfer.

As of 2026-11-05, reported circulating supply was about 7,765 METAC and total supply about 7,815, with no maximum supply listed. The reported price was about $637, market capitalization about $4.9 million, and 24-hour trading volume about $11.2 million at that time. These figures change, and market prices can differ from the value of the underlying shares because of liquidity, trading conditions, and token-specific factors.

METAC carries risks beyond the movement in Meta’s share price. Holders rely on the issuer’s legal and operational structure, the custody of the underlying shares, the accuracy of the ownership records, and the ability of relevant parties to meet their obligations. Fees, taxes, corporate actions, or other adjustments can affect the share-to-token ratio. Token trading may also be less liquid or more volatile than trading the listed shares, and a token’s market price may not track the underlying value closely.

For storage, use a Base-compatible wallet with security practices you understand. Keep recovery information private, verify the network and destination before sending, and consider the risks of smart contracts if using DeFi. A wallet does not remove issuer, custody, legal, market, or technology risks. Check the issuer’s current terms and your local rules, including whether you are eligible to hold or transfer this token.