BUDCAnheuser-Busch InBev SA/NV (Coinbase Tokenized Stock)

Anheuser-Busch InBev SA/NV (Coinbase Tokenized Stock) is an onchain certificate that provides economic exposure to shares of Anheuser-Busch InBev SA/NV through a tokenized security issued by Coinbase Onchain SPV Ltd in the Abu Dhabi Global Market (ADGM). Each token initially represents a 1:1 beneficial interest in shares held in a segregated custody account with a regulated broker-dealer and custodian. The applicable share-to-token ratio may change over time to reflect reinvested distributions, fees, taxes, corporate actions, and other adjustments.

• Macro context: BUDC is part of the tokenized equities market, which represents only ~0.002% of global listed equity today.

Data as of Nov 1, 2026