MSFTC: What Microsoft (Coinbase Tokenized Stock) Is

Microsoft (Coinbase Tokenized Stock), ticker MSFTC, is an onchain certificate designed to provide economic exposure to Microsoft shares. It is issued by Coinbase Onchain SPV Ltd in the Abu Dhabi Global Market (ADGM). The token represents a beneficial interest in shares held in a segregated custody account; it is not a Microsoft-issued token and does not make the holder a direct shareholder in Microsoft.

The stated initial arrangement is one token for a 1:1 beneficial interest in a share. That ratio may change to account for distributions, fees, taxes, corporate actions and other adjustments. The underlying shares are held with a regulated broker-dealer and custodian, while Onchain Marketplace Ltd operates tokenization infrastructure and maintains the definitive legal ownership register in its stated role as a Central Securities Depositary. The legal terms determine what rights token holders have and how those rights are administered.

MSFTC’s intended use is to represent economic exposure to Microsoft shares in a transferable digital-token form. It can be held and transferred on supported blockchain networks and may be used in decentralized finance markets where supported. This does not mean every DeFi application accepts it, or that it can be exchanged for ordinary Microsoft shares on demand.

According to the stated structure, authorized participants can create tokens by delivering underlying shares or subscription value. Dividends and other distributions from the 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 out as cash. Creation, transfer and eligibility conditions can depend on the product’s legal documents and the platform involved. Check those terms before relying on a particular feature or assuming that a service is available to you.

The token is issued on Base, an Ethereum layer-2 network. the public information available here do not identify MSFTC as the native token of any blockchain, nor do they list other issuance networks. A token on Base can only be used with wallets and applications that support Base and recognize the correct token contract. Network support alone does not guarantee that an exchange or DeFi protocol will list or accept MSFTC.

As of 2026-11-05, the reported circulating and total supply were both about 2,479. No maximum supply was listed. The reported market price was about $554.31, with market capitalization and fully diluted valuation each about $1.4 million. These are time-sensitive market figures, not fixed terms of the security; the token’s share-to-token ratio can also be adjusted. The reported 24-hour trading volume was about $6.7 million on that date. Market data can vary by venue and may change quickly.

MSFTC carries both token-market risk and risks tied to its legal and custody structure. Its market price may differ from the value of the underlying Microsoft exposure, and trading may be thin, volatile or unavailable when you want to trade. The share-to-token ratio can change, and fees, taxes, corporate actions or operational issues can affect the economic interest represented. The token also depends on the issuer, custodian, register and relevant service providers performing their roles as described.

A tokenized certificate is not the same as holding Microsoft shares directly. The token may not provide the same shareholder rights, protections, access to corporate actions or redemption options as ordinary shares. Eligibility, transfer restrictions and legal treatment may vary by jurisdiction and holder. Review the current offering documents and applicable terms to understand rights, costs, creation or redemption conditions, and what could happen if an issuer or service provider fails. Do not assume that a quoted token price guarantees redemption at the value of a share.

To hold MSFTC, use a wallet that supports Base and the relevant token. Before receiving or sending it, confirm the token contract and network through an authoritative source; similarly named tokens can be unrelated or fraudulent. Sending the asset through an unsupported network, to the wrong address, or to a service that does not support it may result in loss. Keep wallet recovery information private, and understand that self-custody means you are responsible for securing your keys.

Custodial platforms may offer different safeguards and may impose their own eligibility checks, fees, withdrawal limits or transfer rules. Availability can also be restricted by location or other legal requirements. Check whether you are eligible to hold or trade the product where you live, and read the platform’s terms before moving tokens. This explainer is general information, not investment, legal or tax advice; consider qualified advice if you need help assessing the product’s implications.