Coinbase’s tokenized US stocks went live on Base Monday, alongside a Chainlink integration providing price data to support their use across decentralized finance applications.
Chainlink Data Feeds will provide continuous pricing for Coinbase’s tokenized stocks, including Nvidia, Apple, Meta and Alphabet. The data allows DeFi protocols to integrate the assets into lending markets, decentralized exchanges and structured products, including as collateral for borrowing.
According to Chainlink’s documentation, the feeds value each token using the underlying stock price and a Coinbase-supplied multiplier that accounts for dividends and corporate actions.
The stocks are issued as B20 tokens natively on Base, Coinbase’s layer-2 blockchain, and are available to non-US users in eligible jurisdictions. Each token represents a direct claim on an underlying share held with regulated broker and custodian Alpaca under an Abu Dhabi Global Market-supervised structure, according to Base. The tokens can be held in self-custody wallets and traded around the clock.
Base said the stocks can be integrated with existing DeFi infrastructure, including using tokenized Nvidia shares as collateral for loans on Aave or supplying tokenized Apple shares to decentralized exchanges. More Coinbase tokenized stocks are expected to launch on Base in the coming weeks.
The news comes as the broader market for tokenized equities continues to grow. The total value of tokenized stocks has reached about $2.48 billion, up 5.2% over the past 30 days, according to RWA.xyz data. Monthly transfer volume has climbed to $27.28 billion, while the number of holders has surpassed 2.1 million.
Tokenized stocks. Source: RWA.xyz
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