Hesai Group Tokenized Stock (HSAIc) is a Coinbase-issued token on Base that gives eligible investors outside the U.S. exposure to Hesai, the LiDAR sensor maker listed on Nasdaq. Because it lives onchain, you can hold it in your own wallet and trade it on weekends and holidays. This guide shows how to buy it correctly.
The table below summarizes the core parameters you should confirm before placing any order for HSAIc.
| Specification | Official Detail / Parameter |
|---|---|
| Asset Name & Symbol | Hesai Group Tokenized Stock (Coinbase) (HSAIc) |
| Blockchain Network | Base (B20 token, ERC-20 compatible) |
| Verified Contract Address | 0xb200000000000000000000f3049F4aa834b23b64 |
| Primary Active Exchanges | Aerodrome and other Base DEX routers |
| Required Trading Pair / Base Currency | USDC on Base, plus ETH on Base for gas |
| Recommended Non-Custodial Wallet | Trust Wallet, Base App, or MetaMask |
What Is Hesai Tokenized Stock (HSAIc) and How Does It Work?
HSAIc follows Hesai Group, a company that makes LiDAR sensors used in vehicles and robotics, and whose shares trade on Nasdaq under the ticker HSAI. The token belongs to Coinbase Tokenized Stocks, which went live on Base on August 24, 2026, with an initial batch of large U.S. tech names before more companies were added.
HSAIc is backed by real shares rather than built as a synthetic derivative. Coinbase and Base state that each token is matched 1:1 by a share held with Alpaca, a regulated broker and custodian, in bankruptcy-remote custody separate from Coinbase. The token gives holders a beneficial claim on that underlying share.
That claim comes with conditions. Reporting on the prospectus notes that it distinguishes beneficial exposure from legal ownership and that holders get no automatic voting rights. Dividends and stock splits are handled through an adjustment that leaves token balances unchanged, so the token keeps working inside DeFi apps when corporate events occur.
Coinbase issues these tokens under Abu Dhabi Global Market (ADGM) regulation and offers them under Regulation S, so U.S. persons and other restricted investors cannot buy them. Institutional market makers handle minting and redemption directly, while regular users trade the tokens on onchain markets and can send them between wallets freely.
Where to Buy Hesai Tokenized Stock (HSAIc): Exchanges and Trading Pairs
Coinbase tokenized stocks are paired with USDC on Base. Aerodrome is the venue Base highlights for liquidity, and DEX routers such as 0x, 1inch, KyberSwap, and CoW Swap can also route trades. Base keeps the official list of tokens, contract addresses, and supported venues at base.org/stocks.
HSAIc is a small market. At the time of writing, CoinMarketCap shows a price near $13.53, a market cap of about $31,590, and a circulating supply of 2,334 HSAIc. Its liquidity-to-market-cap ratio of 167.25% implies roughly $52,800 in pool liquidity, while 24-hour volume was only about $908.
The token has traded in a fairly wide band since listing. CoinMarketCap recorded an all-time high of $18.55 on October 15, 2026, and an all-time low of $12.40 on October 16. Moves like that in a newly listed pool can reflect thin trading rather than changes in Hesai's actual share price.
The three points below cover the market factors that most affect where and how you should buy HSAIc.
- Main Exchange: Aerodrome on Base carries the main USDC liquidity for Coinbase tokenized stocks. Reach it from the venue links on base.org/stocks, and check that your wallet and the site both show Base before trading.
- Is the Liquidity Locked? Market makers and liquidity providers supply the pools, and there is no team lock to check. Liquidity can move in or out at any time, so review pool depth and your price impact before each trade.
- How to Spot Fake Tokens: Coinbase-issued stock tokens on Base all use contract addresses that begin with 0xb200. Other platforms issue their own tokenized stocks under different tickers and addresses, so always match the full HSAIc address before buying.
How to Buy Hesai Tokenized Stock (HSAIc): Step-by-Step Guide
The five steps below walk you through buying HSAIc with USDC on Base. Before you start, make sure you are not a U.S. person or a resident of another jurisdiction where the tokens are restricted.
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Step 1: Set Up a Base-Compatible Wallet
Choose a self-custody wallet that supports Base, such as Trust Wallet (listed on CoinMarketCap), Base App, or MetaMask, and install it only from the official source. Record your recovery phrase on paper, store it somewhere offline, and never enter it on a website or share it with anyone.
Add the Base network and switch to it. Your address is the same format as on Ethereum, but funds on Base and Ethereum are held separately. Custodial exchange accounts generally cannot connect to Aerodrome, which is why a self-custody wallet is required here.
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Step 2: Add USDC and ETH on Base
Purchase USDC on an exchange that supports withdrawals to Base, and select Base as the network when you withdraw. If your USDC sits on another chain, move it with a well-known bridge. Do a small test transfer first and wait for it to arrive before sending more.
Add a small amount of ETH on Base as well. Every approval, swap, and transfer on Base requires a gas fee paid in ETH. Fees are typically low, but running out means you cannot trade or move your HSAIc until you top up the wallet.
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Step 3: Go to Aerodrome and Connect Your Wallet
Visit base.org/stocks and follow its Aerodrome link, or type the Aerodrome address directly. Avoid clicking ads in search results, since fake DeFi sites often appear there. Check the address bar for the genuine domain before you connect your wallet.
Click "Connect," select your wallet, and approve the request. Confirm that Aerodrome shows Base as the active network. Connecting simply shares your public address, and no funds can leave your wallet until you approve a specific transaction yourself.
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Step 4: Paste the Official HSAIc Contract Address
Select USDC as the token you are spending. In the receiving token field, paste 0xb200000000000000000000f3049F4aa834b23b64 instead of searching for "Hesai," which could surface tokens from other issuers, older listings, or unrelated projects using a similar name.
Make sure the token displays as HSAIc and that the address begins with 0xb200. Check it against base.org/stocks and CoinMarketCap character by character. If the ticker or address does not match exactly, stop and verify your source before continuing.
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Step 5: Set Slippage and Swap USDC for HSAIc
Type in your USDC amount and review the quoted price and price impact. Compare the quote with Hesai's latest Nasdaq price, because a thin pool can drift away from it. Set slippage around 0.5% to 1%, and only nudge it higher if the swap fails.
Approve USDC if prompted, then click "Swap" and confirm in your wallet. When the trade settles, look up the transaction on BaseScan and confirm the tokens came from the official HSAIc contract. Add HSAIc as a custom token if your wallet does not show it automatically.
Is Hesai Tokenized Stock (HSAIc) Safe? Risks to Know Before Buying
HSAIc benefits from 1:1 backing, regulated custody, and a well-known issuer, which puts it on firmer ground than speculative tokens. You still take on Hesai's business and stock risk, along with the technical and liquidity risks that come with a newly launched onchain market.
The risks below are specific to HSAIc's profile as a small tokenized stock market on Base.
- Low Liquidity and Price Swings: With 41 holders and under $1,000 of daily volume in one recent period, HSAIc can trade at a premium or discount to Hesai's Nasdaq price. Larger orders may move the pool noticeably, especially outside U.S. trading hours.
- Smart Contract Risks: Published materials state that the B20 standard was reviewed by Base and Spearbit. Your funds still rely on the token contract, the DEX, and any lending protocol you use, and a flaw in any of them could cause losses.
- Risk of Losing Your Money: HSAIc rises and falls with Hesai's shares, which respond to earnings, auto industry demand, and trade policy. Weekend and holiday trading means prices can shift when Nasdaq is closed, with gaps appearing at the next open.
Out-of-hours pricing deserves extra attention. Chainlink feeds for these tokens update 24 hours a day, five days a week, and pause during corporate actions. On weekends, pool prices depend only on onchain trading, so a quote on Saturday may differ meaningfully from Friday's Nasdaq close.
Conclusion
Buying HSAIc involves a Base wallet, USDC and a little ETH on Base, and a swap on Aerodrome using the contract 0xb200000000000000000000f3049F4aa834b23b64. Verify that address on base.org/stocks and CoinMarketCap first, and check your quote against Hesai's Nasdaq price before you confirm the trade.
HSAIc offers 1:1 backed exposure to a LiDAR leader with round-the-clock access, but its onchain market is tiny at the time of writing. Keep orders small, expect wider spreads than on Nasdaq, and remember that the product is only available to eligible investors outside the United States.
Frequently Asked Questions
The answers below cover the questions buyers most often ask before purchasing or holding HSAIc for the first time.
