Aave Integrates Coinbase Tokenized Stocks for Lending

Aave V4 has introduced a new feature allowing users to borrow USDC against tokenized stocks from Coinbase. The Equities Hub will accept seven tokenized stocks as collateral, with an initial borrowing cap of $21 million.

The selected stocks are tied to U.S. technology companies such as Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla. Each stock has its own borrowing limit relative to its collateral value, ranging from 65% for Meta and Tesla to 79% for Microsoft.

Aave's governance materials describe the Base deployment as a proposal requiring an offchain Snapshot vote followed by an onchain vote. The announcement does not change Coinbase's stated geographic restrictions, which currently exclude U.S. investors.