SanDisk (Coinbase Tokenized Stock)
SNDKC Rank #2594Price chart
What is SanDisk (Coinbase Tokenized Stock)?
Overview
SanDisk (Coinbase Tokenized Stock) represents shares of SanDisk held in segregated custody by a regulated broker-dealer. It is part of Coinbase's infrastructure for bringing traditional financial instruments onto blockchain networks as compliant digital securities. The token provides proportional beneficial interest in an underlying pool of shares and is available to eligible holders who meet identity verification, sanctions screening, and compliance requirements.
How it works
Each token initially represents a 1:1 beneficial interest in SanDisk shares held on trust by Coinbase Onchain SPV Ltd, a regulated entity in the Abu Dhabi Global Market. The share-to-token ratio adjusts over time to reflect reinvested distributions, fees, taxes, and corporate actions. Authorized Participants can create tokens by delivering underlying shares, while eligible holders may redeem tokens for the corresponding shares or through other settlement methods supported on the Base blockchain.
Token and supply
SNDKC tokens are created through a redemption mechanism in which Authorized Participants deliver shares to mint new certificates. Distributions on underlying shares are generally reinvested after applicable taxes and expenses, with gains reflected through adjustments to the share-to-token conversion ratio rather than direct token issuance. Total supply stands at approximately 839 tokens, with no maximum supply cap documented.
Where to trade SNDKC
Exchanges that list this asset
Live spot quotes from connected exchanges
SNDKC 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.