Crypto
Aave V4 Brings Tokenized Stocks to DeFi as Collateral for USDC Loans
Aave V4 has launched an Equities Hub on Base that allows eligible users to deposit tokenized U.S. stocks as collateral and borrow USDC against them.
The hub accepts seven Coinbase-issued tokenized equities at launch: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla shares.
Tokenized shares are issued by Coinbase Onchain SPV Ltd. and represent certificates linked to underlying shares held at Alpaca Securities in segregated custody.
The Equities Hub uses Chainlink market data for pricing, but there's a unique risk profile due to the protocol's extended U.S. equity-market week schedule.