
Aave v4 on Base draws $4.7 million in Coinbase tokenized stock deposits
Aave V4 launched an Equities Hub on the Base blockchain on September 25, 2026, allowing non-US users to use Coinbase-issued tokenized stocks as collateral for USDC loans. The platform saw rapid adoption, with total deposits reaching $9 million by October 1, doubling from the previous week. Meta and Nvidia tokenized shares currently account for half of the total collateral deposited in the isolated market. Risk management firm LlamaRisk established conservative collateral factors between 65% and 79% to mitigate volatility risks. The integration utilizes Chainlink price feeds, which operate on a 24/5 schedule, creating a potential liquidity risk during weekend market closures. This development highlights the growing trend of bringing traditional equity assets into decentralized finance protocols. However, the exclusion of US users underscores the ongoing regulatory uncertainty surrounding the tokenization of securities. The success of this hub demonstrates significant investor appetite for leveraging high-conviction tech stocks within onchain lending environments.










