NFLXC: What the Coinbase Netflix Tokenized Stock Is

NFLXC is a crypto token named “Netflix Inc (Coinbase Tokenized Stock)” and is reported as issued on Base. Its name suggests it is intended to track or represent exposure to Netflix shares, but the name alone does not prove that the token is backed by shares, who issues it, or what rights holders have. Public sources do not specify its legal structure, redemption process, or whether holders receive dividends or voting rights. Treat it as a token associated with Netflix stock, not automatically as Netflix shares or a claim on Netflix. Before acquiring it, check the token’s official documentation and contract details, including who is responsible for issuing and redeeming it and what happens if that party cannot meet its obligations.

The likely purpose of NFLXC is to let people trade a blockchain-based token linked in some way to Netflix stock. Public sources do not confirm whether its value is designed to follow the share price, whether it can be exchanged for shares or cash, or which platforms currently support it. A token’s market price can differ from the price of the asset it references, particularly when trading is thin or redemption is limited. As of 2026-11-05, NFLXC was listed at about $67.57, with a reported market capitalization of about $392,000 and 24-hour trading volume of about $1.3 million. These are changing market figures, not a guarantee of liquidity or a reliable measure of the token’s backing. Check current contract and trading details before relying on any quoted price.

NFLXC is reported on Base, an Ethereum-compatible network. It is not listed as the native token of a blockchain, so it should not be confused with a network’s gas token. The reported circulating and total supply are both about 5,803 NFLXC as of 2026-11-05; no maximum supply is provided. Supply figures do not establish how tokens are backed, who controls minting or burning, or whether the reported amount can change. To receive or hold the token, use a wallet that supports Base and confirm the exact token contract through a trustworthy project source. Sending tokens to an address on the wrong network, or using a contract with a similar name, can result in permanent loss. Do not rely on a token name or ticker alone to identify the asset.

NFLXC carries both crypto-asset risks and risks associated with tokenized-stock products. The token may not give you legal ownership of Netflix shares, and the issuer, collateral, custody arrangements, redemption terms, and available investor protections are not established by the information available here. Its market can be volatile, trading may be limited, and a token could lose value or become difficult to sell. Smart-contract flaws, compromised keys, incorrect transfers, and changes to the Base network or trading venues can add further risks. Store NFLXC only in a wallet that supports Base and the specific token contract; keep recovery details private and secure, and check addresses and networks before sending. Read the issuer’s terms and verify the contract and redemption rules independently before using the token.