Split the stock.
Choose your
exposure.SPLIT THE STOCK.
CHOOSE YOUR EXPOSURE.
Split an official Coinbase stock token into two simple, transferable Base-native claims: Clip for multiplier exposure and Talon for price exposure.
See the move before you make it.
Official stock token
Coinbase issued · Base 8453
One stock.
Two simple claims.
Split AAPLc into Clip and Talon. Recombine equal amounts when you want AAPLc back.
One stock. Two ways to hold it.
Clip tracks the multiplier
Clip follows the B20 multiplier. It is an exposure claim, not a promised dividend or fixed yield.
No borrowed position
Talon is a vault split, not a loan. There is no debt or liquidation engine in the shipped flow.
Recombine 1:1
Equal raw-token amounts can be recombined in the vault for the underlying AAPLc amount, subject to the contract and eligibility rules.
Split. Choose. Recombine.
Deposit AAPLc
Put AAPLc in the Base vault.
Receive two tokens
The vault issues equal raw-token amounts of Clip and Talon.
Choose your leg
Hold or transfer the leg that matches the exposure you want.
Recombine later
Return equal raw-token pairs to redeem the underlying amount.
Supported Stocks
Official list · live Base data when verified.
Choose your exposure
Choose the exposure you want from one official stock token.
Keep Clip
Keep the multiplier leg and let Talon handle the split.
Keep Talon
Keep the price leg for simple equity exposure.
Keep both
Receive both claims, or pair them to recombine.
Capital Structure Comparison
How Talon's unbundled claims compare to raw spot tokenized stocks and traditional credit/margin structures.
| Property | Spot Stock (AAPLc) | Multiplier (clipAAPLc) | Principal (talonAAPLc) | Margin / Lending |
|---|---|---|---|---|
| Equity Spot Price Delta | Full Spot (1.0x) | Stripped (0.0x) | Full Spot (1.0x) | Leveraged / Variable |
| B20 Multiplier Exposure | Embedded in token | Tracks multiplier | Separate price leg | Varies by instrument |
| Protocol Liquidation | None in spot token | None in split flow | None in split flow | Depends on venue |
| Price / Multiplier Choice | Bundled | Multiplier leg | Price leg | Varies by product |
| Composability & Gifting | Full Token Transfer | Transfer multiplier leg | Transfer price leg | Locked in Custody |
| Deterministic Vault Redemption | Issuer Custody | Equal raw amounts | Equal raw amounts | Subject to Pool Liquidity |
Ready to split AAPLc?
Connect a wallet, choose an amount, and receive Clip + Talon on Base.