Integrating Base or Robinhood stock tokens? Get best execution.
Coinbase's tokenized stocks on Base and Robinhood Stock Tokens trade 24/7 in AMM pools. True Markets adds a real order book with reference-price protection, so your users trade at the price of the real stock.
Why AMM-only execution falls short
- Prices drift after hours
- Stock tokens trade 24/7, but the underlying market closes. Once it does, pool prices can drift from what the stock is worth.
- Slippage grows with size
- A swap against a pool gets a worse price as order size grows. Your users pay for thin liquidity.
- No proof of execution
- A swap tells you what you got, not what you could have got. There is no record of the best price available.
Build where these tokens live
- Base
- Order books and AMM routing for tokenized stocks on Base, including Coinbase-issued stocks.
- Robinhood Chain
- Order books and AMM routing for Robinhood Stock Tokens.
Order → Match → Settle
Every order is checked against the price of the real stock before it fills.
Order
Place limit or market orders through the REST API or FIX. Market orders route to the better price, on the book or on-chain.
Match
Orders too far from the reference price are rejected, not filled. Limit orders rest on a book with professional market makers and price-time priority.
Settle
Trades settle on-chain to your users' wallets, typically within five seconds. Gas is sponsored.
Order book vs. AMM pool
The same tokens, executed two ways.
| Feature | True Markets | AMM pool only |
|---|---|---|
| Trading hours | 24/7 | 24/7 |
| Price after hours | Checked against a reference price | Drifts from what the stock is worth |
| Order types | Limit and market orders | Swaps against a pool |
| Liquidity | Professional market makers, plus AMM routing | Whatever is in the pool |
| Custody | Your users' own wallets | Your users' own wallets |
| Proof of execution | Best execution report on every order | None |
- True Markets
- 24/7
- AMM pool only
- 24/7
- True Markets
- Checked against a reference price
- AMM pool only
- Drifts from what the stock is worth
- True Markets
- Limit and market orders
- AMM pool only
- Swaps against a pool
- True Markets
- Professional market makers, plus AMM routing
- AMM pool only
- Whatever is in the pool
- True Markets
- Your users' own wallets
- AMM pool only
- Your users' own wallets
- True Markets
- Best execution report on every order
- AMM pool only
- None
What an integration looks like
Your users hold any stablecoin in their non-custodial wallets. Your app calls the Gateway API to place orders on Base or Robinhood Chain. Every fill comes back with a best execution report showing where the stock was trading, where your user filled, and the slippage.
Read the docs →FAQs
Tokenized stocks issued by Coinbase on Base, launched in August 2026. They use the B20 standard, which extends ERC-20, and are backed 1:1 by shares held with a regulated custodian. They are available to eligible non-US users.
Tokenized stocks issued by Robinhood Assets (Jersey) Limited on Robinhood Chain, an Arbitrum-based Layer 2 that launched in July 2026. They are available in 120+ countries, not including the US.
The tokens trade 24/7 but the underlying stock does not. When the market closes, nothing anchors the pool price to the real stock, so it can move away from fair value.
It is rejected rather than filled. That is price protection.
Where the asset was trading across venues at the time of the order, where it filled, and the slippage, positive or negative.
No. Network fees are sponsored.
No. Both Coinbase's tokenized stocks on Base and Robinhood Stock Tokens are for eligible non-US users.
Give your users the real price
Create an API key, place your first order on Base or Robinhood Chain, and ship.