Coinbase Selects Chainlink To Bring New Tokenized Stocks to Millions of DeFi Users

Coinbase has officially selected Chainlink as the oracle infrastructure provider for its newly launched Tokenized Stocks, which are issued as B20 tokens on the Base blockchain. These tokenized equities, including assets like NVDAc and AAPLc, are backed 1:1 by shares held in regulated custody with Alpaca under the Abu Dhabi Global Market framework. By integrating Chainlink Data Feeds, Coinbase enables continuous, institutional-grade pricing for these assets, allowing them to function as collateral within the Base DeFi ecosystem. This integration transforms tokenized stocks from simple transferable tokens into composable financial primitives that can be used for lending, borrowing, and yield generation. The move addresses a critical bottleneck in the RWA market, where the lack of reliable onchain pricing previously limited the utility of tokenized equities. With the total market for tokenized equities reaching $2.3 billion by mid-July 2026, this partnership aims to accelerate the convergence of traditional capital markets and decentralized finance. The initiative is designed to provide millions of Base users outside the U.S. with access to financial instruments that were historically restricted by traditional gatekeepers.