Aave Brings Tokenized Stocks into DeFi Lending with Equities Hub
Aave V4's Equities Hub is now live on Base, allowing eligible non-U.S. users to deposit tokenized U.S. stocks as collateral and borrow USDC against them.
The hub accepts seven Coinbase-issued tokenized equities: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla shares.
The tokenized equities are issued by Coinbase Onchain SPV Ltd. and represent a certificate linked to underlying shares held at Alpaca Securities in segregated custody.
Chainlink provides the pricing data used to value the collateral, which operates around the extended U.S. equity-market week rather than continuously updating through weekends.
Aave's Equities Hub is an early attempt to put together the pieces necessary for tokenized equities to be used as collateral in DeFi lending protocols.