Li Auto Tokenized Stock (LIc) is a Coinbase-issued token on Base that tracks Li Auto, the Chinese maker of premium electric and extended-range SUVs. Eligible investors outside the United States can buy it with USDC, hold it in a self-custody wallet, and trade it at any hour. This guide explains how LIc works and how to buy it.
The table below summarizes the core parameters you should confirm before placing any order for LIc.
| Specification | Official Detail / Parameter |
|---|---|
| Asset Name & Symbol | Li Auto Inc. Tokenized Stock (Coinbase) (LIc) |
| Blockchain Network | Base (B20 token, ERC-20 compatible) |
| Verified Contract Address | 0xb200000000000000000000D61eFD9F54A23ef9eB |
| 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 Li Auto Tokenized Stock (LIc) and How Does It Work?
Li Auto is a Chinese automaker that designs and sells premium SUVs, including extended-range electric vehicles and fully battery-electric models. Its American depositary shares trade on Nasdaq under the ticker LI. LIc tracks that Nasdaq-listed exposure, letting crypto users follow Li Auto's share price from a wallet.
LIc is one of the Coinbase Tokenized Stocks that went live on Base on August 24, 2026, with more companies added after the first batch. It is backed, not synthetic. According to Coinbase and Base, each token is matched 1:1 by securities held with Alpaca, a regulated custodian, in bankruptcy-remote custody kept separate from Coinbase.
Holders receive a beneficial claim rather than full legal ownership. Reporting on the offering prospectus notes that there are no automatic voting rights attached. Corporate actions are reflected through an adjustment that leaves token balances unchanged, so LIc continues to function inside DeFi apps during those events.
Coinbase issues the tokens under Abu Dhabi Global Market (ADGM) rules and offers them under Regulation S. That excludes U.S. persons and residents of other restricted jurisdictions. Institutional market makers mint and redeem tokens directly, while other users trade them on onchain markets and move them freely between wallets.
Where to Buy Li Auto Tokenized Stock (LIc): Exchanges and Trading Pairs
Coinbase tokenized stocks trade against USDC on Base. Aerodrome is the venue Base points to for liquidity, and DEX routers such as 0x, 1inch, KyberSwap, and CoW Swap can route orders as well. Base lists every official ticker, contract address, and venue at base.org/stocks.
LIc's market is small and quiet. At the time of writing, CoinMarketCap shows a price near $11.91, a market cap of about $42,660, and 3,581 LIc in circulation across 31 holders. Its liquidity-to-market-cap ratio of 34.37% implies roughly $14,700 in pool liquidity, with no volume recorded over 24 hours.
The token's early days were volatile. CoinMarketCap recorded an all-time high of $21.90 on October 15, 2026, followed by an all-time low of $9.57 the next day. A drop of more than half in a day, with this little liquidity, reflects a thin new pool rather than Li Auto's actual share performance.
The three points below cover the market factors that most affect where and how you should buy LIc.
- Main Exchange: Aerodrome on Base hosts the main USDC liquidity for Coinbase tokenized stocks. Open it from the venue links on base.org/stocks, and confirm your wallet and the site both show Base before you trade.
- Is the Liquidity Locked? Market makers and liquidity providers supply the pool, and there is no team lock involved. With roughly $14,700 of depth, liquidity can change quickly, so review price impact before every trade.
- How to Spot Fake Tokens: Coinbase-issued stock tokens on Base use contract addresses beginning with 0xb200. The short ticker "LI" can match many unrelated tokens, so always paste and match the full LIc address rather than searching by symbol.
How to Buy Li Auto Tokenized Stock (LIc): Step-by-Step Guide
The five steps below show how to buy LIc with USDC on Base. Before you begin, confirm that you are not a U.S. person or a resident of another jurisdiction where these tokens are restricted.
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Step 1: Set Up a Base-Compatible Wallet
Install a self-custody wallet that supports Base, such as Trust Wallet (listed on CoinMarketCap), Base App, or MetaMask, from the official download source. Write your recovery phrase on paper, keep it offline, and never share it with anyone or type it into a website.
Add Base and set it as your active network. Base uses the same address format as Ethereum, but funds on each network are kept separately. Most exchange-hosted accounts cannot connect to Aerodrome, so you need a self-custody wallet for this route.
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Step 2: Add USDC and ETH on Base
Purchase USDC on an exchange that supports Base withdrawals and select Base as the network. If your USDC is on another blockchain, move it with a reputable bridge. Send a small test amount first and confirm it arrives before sending more.
You also need a small amount of ETH on Base for gas. Base fees are usually modest, but approvals and swaps fail without ETH. Keep a little spare so you can sell, transfer, or revoke approvals later without making another deposit.
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Step 3: Go to Aerodrome and Connect Your Wallet
Go to base.org/stocks and use its Aerodrome link, or type the Aerodrome address directly. Avoid sponsored search results, which often lead to fake DeFi sites. Confirm the domain in your address bar before you connect your wallet.
Click "Connect," select your wallet, and approve the connection. Check that Aerodrome shows Base as the active network. Connecting only shares your public address. The site cannot move your funds until you approve a specific token allowance or swap yourself.
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Step 4: Paste the Official LIc Contract Address
Set USDC as the token you are paying with. In the receiving field, paste 0xb200000000000000000000D61eFD9F54A23ef9eB rather than searching for "Li Auto" or "LI," since short names and tickers can surface many unrelated tokens and older listings.
Make sure the token displays as LIc and that its address starts with 0xb200. Compare it with base.org/stocks and CoinMarketCap character by character. If the ticker or any part of the address does not match exactly, stop and confirm your source first.
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Step 5: Set Slippage and Swap USDC for LIc
Enter your USDC amount and review the quoted price and price impact. Compare the quote with Li Auto's latest Nasdaq price, since early LIc trading swung well above and below it. Set slippage around 0.5% to 1%, and only raise it slightly if needed.
Approve USDC if prompted, then click "Swap" and confirm in your wallet. Once the trade completes, open it on BaseScan and confirm the tokens came from the official LIc contract. Add LIc as a custom token if your wallet does not display it.
Is Li Auto Tokenized Stock (LIc) Safe? Risks to Know Before Buying
LIc rests on 1:1 backing, regulated custody, and an established automaker, which puts it on firmer ground than speculative tokens. You still carry Li Auto's own stock risk, plus the liquidity and technical risks that come with a small and newly launched onchain market.
The risks below are specific to LIc's profile as a lightly held Chinese EV stock token on Base.
- Low Liquidity and Price Swings: With 31 holders and no recorded daily volume, LIc can trade at a premium or discount to the Nasdaq price. Its swing from $21.90 to $9.57 in two days shows how far a thin pool can drift from fair value.
- Smart Contract Risks: Published materials state that Base and Spearbit reviewed the B20 standard. Your tokens still rely on the token contract, the DEX you use, and any lending protocol you deposit into, and any of these could contain flaws.
- Risk of Losing Your Money: Li Auto's shares react to monthly delivery figures, price competition in China's EV market, and trade tensions. LIc follows those moves and can also shift on weekends, when Nasdaq is closed but onchain pools stay open.
Delivery data adds a specific timing risk. Chinese EV makers commonly publish monthly delivery numbers, sometimes outside U.S. trading hours. When that news lands, onchain traders may react before Nasdaq opens, and LIc's thin liquidity can amplify the move in either direction.
Conclusion
Buying LIc means setting up a Base wallet, adding USDC and a little ETH on Base, and swapping on Aerodrome using the contract 0xb200000000000000000000D61eFD9F54A23ef9eB. Always confirm that address on base.org/stocks and CoinMarketCap, and compare your quote with Li Auto's Nasdaq price before you confirm.
LIc gives eligible non-U.S. investors 1:1 backed exposure to Li Auto with 24/7 access, but its holder base and liquidity are very small at the time of writing. Keep orders modest, watch for gaps against the real share price, and remember the product is unavailable to U.S. persons.
Frequently Asked Questions
The answers below cover the questions buyers most often ask before purchasing or holding LIc for the first time.
