Coinbase’s tokenized US stocks went stay on Base Monday, alongside a Chainlink integration offering worth information to assist their use throughout decentralized finance functions.
Chainlink Information Feeds will present steady pricing for Coinbase’s tokenized stocks, together with Nvidia, Apple, Meta and Alphabet. The information permits DeFi protocols to combine the belongings into lending markets, decentralized exchanges and structured merchandise, together with as collateral for borrowing.
In line with Chainlink’s documentation, the feeds worth every token utilizing the underlying inventory worth and a Coinbase-supplied multiplier that accounts for dividends and company actions.
The stocks are issued as B20 tokens natively on Base, Coinbase’s layer-2 blockchain, and can be found to non-US customers in eligible jurisdictions. Every token represents a direct declare on an underlying share held with regulated dealer and custodian Alpaca beneath an Abu Dhabi World Market-supervised construction, in line with Base. The tokens may be held in self-custody wallets and traded across the clock.
Base mentioned the stocks may be built-in with present DeFi infrastructure, together with utilizing tokenized Nvidia shares as collateral for loans on Aave or supplying tokenized Apple shares to decentralized exchanges. Extra Coinbase tokenized stocks are anticipated to launch on Base within the coming weeks.
The information comes because the broader marketplace for tokenized equities continues to develop. The full worth of tokenized stocks has reached about $2.48 billion, up 5.2% over the previous 30 days, in line with RWA.xyz data. Month-to-month switch quantity has climbed to $27.28 billion, whereas the variety of holders has surpassed 2.1 million.
Tokenized stocks. Supply: RWA.xyz
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Cointelegraph by Nate Kostar Coinbase launches B20 tokenized stocks on Base cointelegraph.com 2026-08-24 19:11:48
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