Coinbase Expands Tokenized Stocks With Chainlink
Coinbase has integrated Chainlink as the primary oracle infrastructure to support its tokenized stock offerings on the Base blockchain. This partnership enables DeFi protocols to access real-time market data for equity-backed tokens including NVDAc, METAc, AAPLc, and GOOGLc. By providing reliable price feeds, Chainlink facilitates the use of these tokenized assets as collateral within decentralized lending and trading platforms. The tokens are issued as B20 assets on Base, with each unit backed 1:1 by shares held in regulated custody via Alpaca. Operating under the Abu Dhabi Global Market framework, this initiative bridges traditional equity markets with decentralized finance ecosystems. The integration significantly enhances the utility of tokenized stocks by allowing them to function as functional financial instruments rather than static assets. This development marks a critical step in expanding the interoperability of institutional-grade securities within the broader on-chain economy.
- ▸Coinbase selects Chainlink oracles to provide market data for B20 tokenized stocks on Base.
- ▸Supported assets include tokenized versions of NVIDIA, Meta, Apple, and Alphabet equity.
- ▸Tokens are backed 1:1 by shares held in regulated custody with Alpaca.
- ▸Integration enables tokenized stocks to serve as collateral for decentralized lending protocols.
Coinbase is a publicly traded digital asset exchange that provides infrastructure for trading and custody of cryptocurrencies and tokenized assets. The Base blockchain is an Ethereum Layer 2 network incubated by Coinbase, designed to provide a secure and low-cost environment for decentralized applications. Tokenized stocks represent digital ownership of traditional equity securities, allowing for 24/7 trading and integration into DeFi protocols.