Chainlink Brings Tokenized Stocks to Life with Coinbase Partnership

Coinbase has partnered with Chainlink to provide price infrastructure for its tokenized stocks. This allows shares of companies like Apple and NVIDIA to move freely in decentralized lending and trading marketplaces.

The integration is significant, especially outside the US, where crypto users can now access blockchain-based versions of US stocks similar to stablecoins and tokenized Treasury bonds.

Tokenized equities have been a growing area of on-chain finance this year, but many tokens remain idle in wallets. Chainlink's price feeds will facilitate their use as collateral, liquidity, and building blocks for other protocols.