WeRide Tokenized Stock (WRDc) is a Coinbase-issued token on the Base network that represents shares of WeRide, the autonomous driving company listed on Nasdaq. It lets eligible investors outside the United States hold WeRide exposure in a crypto wallet and trade it at any hour. This guide explains how it works and how to buy it.
The table below summarizes the core parameters you should confirm before placing any order for WRDc.
| Specification | Official Detail / Parameter |
|---|---|
| Asset Name & Symbol | WeRide Inc. Tokenized Stock (Coinbase) (WRDc) |
| Blockchain Network | Base (B20 token, ERC-20 compatible) |
| Verified Contract Address | 0xb200000000000000000000e88EFe88D8aDE3f0dA |
| 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 WeRide Tokenized Stock (WRDc) and How Does It Work?
WRDc tracks WeRide Inc., a company developing autonomous driving technology that trades on Nasdaq under the ticker WRD. The token is not a separate crypto project or startup. It is part of Coinbase Tokenized Stocks, a product Coinbase launched on Base on August 24, 2026, starting with Apple, Nvidia, Meta, and Alphabet before adding more companies.
These tokens are not synthetic derivatives. According to Base and Coinbase, each token is backed 1:1 by a real share held with Alpaca, a regulated broker and custodian, in a bankruptcy-remote structure. Coinbase describes each token as a beneficial claim on that share. Dividends and stock splits are reflected without changing your token balance.
There are important limits to that claim. Reporting on the offering prospectus notes that it separates beneficial economic exposure from legal ownership, and holders receive no automatic voting rights. The tokens are offered under Regulation S, which means they are not available to people in the United States or other restricted jurisdictions.
The tokens are issued under Abu Dhabi Global Market (ADGM) rules, where Coinbase received a Financial Services Permission on August 11, 2026. Only institutional market makers, known as authorized participants, mint and redeem tokens directly. Everyone else buys and sells on onchain markets, where the tokens move freely between wallets without a whitelist.
Where to Buy WeRide Tokenized Stock (WRDc): Exchanges and Trading Pairs
Coinbase tokenized stocks trade against USDC on Base. Base names Aerodrome as the main venue for liquidity, and the tokens are also reachable through routers such as 0x, 1inch, KyberSwap, and CoW Swap. Base publishes the official list of tickers, contract addresses, and venues at base.org/stocks.
WRDc is one of the smaller markets. At the time of writing, CoinMarketCap shows a price near $4.44, a market cap of about $36,370, and a circulating supply of 8,197 WRDc. Its liquidity-to-market-cap ratio of 159.18% implies roughly $57,900 of pool liquidity, but CoinMarketCap recorded no trading volume over the prior 24 hours.
Early price data needs care. CoinMarketCap logged an all-time high of $70.24 on October 15, 2026, followed by an all-time low of $4.06 the next day. That high sits far outside the token's other prices, so treat launch-day figures as unreliable and compare quotes against WeRide's Nasdaq price.
The three points below cover the market factors that most affect where and how you should buy WRDc.
- Main Exchange: Aerodrome on Base hosts the main USDC liquidity for Coinbase tokenized stocks. Open it from the venue links on base.org/stocks rather than from search results, and confirm you are on Base before trading.
- Is the Liquidity Locked? Pool liquidity for these tokens is supplied by market makers and other liquidity providers, not locked by a project team. It can be added or withdrawn, so check the pool's current depth and your price impact before every trade.
- How to Spot Fake Tokens: Genuine Coinbase-issued stock tokens on Base have contract addresses beginning with 0xb200. Other platforms issue their own tokenized stocks under different tickers and addresses, so match the full address against base.org/stocks and CoinMarketCap.
How to Buy WeRide Tokenized Stock (WRDc): Step-by-Step Guide
The five steps below walk you through buying WRDc on Base with USDC through Aerodrome. Before you begin, confirm you are not a U.S. person or a resident of another restricted jurisdiction.
-
Step 1: Set Up a Base-Compatible Wallet
Install a self-custody wallet that supports Base, such as Trust Wallet (listed by CoinMarketCap), Base App, or MetaMask. Download it only from the official site or app store. Write your recovery phrase on paper, keep it offline, and never share it with anyone claiming to offer support.
Add Base as a network and select it. Base is an Ethereum layer-2 network, so your wallet address looks the same as on Ethereum, but balances on each network are separate. Exchange-hosted wallets usually cannot connect to Aerodrome, so you need a self-custody wallet for this route.
-
Step 2: Add USDC and ETH on Base
Buy USDC on an exchange that supports Base withdrawals, then withdraw it to your wallet with Base selected as the network. If you already hold USDC on another chain, you can bridge it to Base using a reputable bridge. Send a small test amount first and confirm it arrives.
You also need a small amount of ETH on Base to pay gas fees. Base fees are usually low, but without ETH you cannot approve or complete the swap. Keep a little extra ETH so you can sell, transfer, or revoke approvals later without topping up again.
-
Step 3: Go to Aerodrome and Connect Your Wallet
Open base.org/stocks and use the listed venue link to reach Aerodrome, or type the Aerodrome address yourself. Avoid search ads, which often point to fake DeFi sites. Check that the browser address bar shows the genuine domain before connecting anything.
Click "Connect," choose your wallet, and approve the connection. Make sure Aerodrome shows Base as the active network. Connecting only shares your public address. The site cannot move your funds until you review and sign a specific approval or swap in your wallet.
-
Step 4: Paste the Official WRDc Contract Address
Set USDC as the token you are paying with. In the token you want to receive, paste 0xb200000000000000000000e88EFe88D8aDE3f0dA rather than searching for "WeRide," since search results can include tokens from other issuers or unrelated projects.
Check that the token shows as WRDc and that the address starts with 0xb200, the prefix used by Coinbase-issued stock tokens. Compare it with base.org/stocks and CoinMarketCap character by character. If anything differs, stop and recheck before going further.
-
Step 5: Set Slippage and Swap USDC for WRDc
Enter the USDC amount and look closely at the quoted price and price impact. Compare the quote with WeRide's latest Nasdaq price, since thin pools can quote noticeably above or below it. Start with slippage around 0.5% to 1%, and raise it only slightly if the swap fails.
Approve USDC spending if prompted, then click "Swap" and confirm in your wallet. Once complete, open the transaction on BaseScan and confirm the tokens came from the official WRDc contract. You may need to add WRDc as a custom token in your wallet to see the balance.
Is WeRide Tokenized Stock (WRDc) Safe? Risks to Know Before Buying
WRDc has a stronger structure than most tokens in this series, with 1:1 share backing, regulated custody, and a large public company as issuer. That does not remove risk. You still carry WeRide's own stock market risk, plus the extra risks that come with a new onchain product.
The risks below are specific to WRDc's profile as a thinly traded tokenized stock on Base.
- Low Liquidity and Price Swings: With 43 holders and no recorded volume over one recent 24-hour period, WRDc can trade away from WeRide's real share price. Large orders may suffer heavy price impact, and selling quickly could mean accepting a discount.
- Smart Contract Risks: The B20 token standard was reviewed by Base and the security firm Spearbit, according to published materials. Even so, holding WRDc exposes you to bugs in the token contract, the DEX you use, and any lending protocol you deposit it into.
- Risk of Losing Your Money: WRDc follows WeRide's share price, which can fall sharply on earnings, regulation, or market moves. Tokenization adds 24/7 trading, so prices can move on weekends and holidays when the Nasdaq market is closed.
Trading outside market hours has its own quirk. Chainlink price feeds for these tokens run 24 hours a day, five days a week, and pause during corporate actions. At weekends, pool prices are set only by onchain traders, which can create gaps when Nasdaq reopens on Monday.
Conclusion
Buying WRDc means setting up a Base wallet, adding USDC and a little ETH on Base, and swapping on Aerodrome using the contract 0xb200000000000000000000e88EFe88D8aDE3f0dA. Always confirm the address on base.org/stocks and CoinMarketCap, and compare your quote against WeRide's Nasdaq price before confirming.
WRDc offers real 1:1 backed exposure to WeRide with 24/7 access, but its market is very small at the time of writing. Keep orders small, expect wider spreads than on Nasdaq, and remember the product is only open to eligible investors outside the United States.
Frequently Asked Questions
The answers below cover the questions buyers most often ask before purchasing or holding WRDc for the first time.
