Micron Technology Inc. (Coinbase Tokenized Stock)
MUC Rank #3076Price chart
What is Micron Technology Inc. (Coinbase Tokenized Stock)?
Overview
MUC represents a tokenized security designed to provide onchain access to traditional equity holdings. The token offers proportional beneficial interest in Micron Technology shares held in segregated custody by a regulated broker-dealer and custodian. Each token initially maintains a 1:1 ratio to underlying shares, though this ratio adjusts to reflect reinvested distributions, fees, taxes, and corporate actions. The product targets investors seeking blockchain-based exposure to traditional financial instruments.
How it works
MUC operates as an onchain certificate issued by Coinbase Onchain SPV Ltd in the Abu Dhabi Global Market. Underlying shares are held in segregated custody while Onchain Marketplace Ltd serves as the Central Securities Depositary, maintaining the definitive legal ownership register. Authorized Participants can create tokens by delivering corresponding shares or subscription value; eligible holders may redeem tokens for underlying shares or alternative settlement methods subject to vesting, identity verification, and compliance requirements.
Token and supply
MUC is deployed on Base and functions as a certificate rather than direct equity ownership. The token has a total supply of about 838 thousand units with no specified maximum supply. Dividends and distributions from underlying shares are reinvested after applicable costs, with economic benefit reflected through adjustments to the share-to-token conversion ratio.
Where to trade MUC
3 exchanges · top 10
Live spot quotes from connected exchanges
MUC funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.