Chainlink Integrates Tokenized Stocks with DeFi Lending

Chainlink has introduced price feeds for four Coinbase tokenized stocks on Base, allowing decentralized finance (DeFi) protocols to use these tokens as loan collateral.

The four tokens represent shares in Nvidia, Meta, Apple, and Alphabet, with tickers NVDAc, METAc, AAPLc, and GOOGLc respectively. Each token is backed one-to-one by a share held in custody by Alpaca Securities, which acts as broker and custodian for the underlying shares.

Chainlink's Data Feeds provide lending protocols with the necessary data to assess the tokens as collateral, expanding their use beyond simple holding and trading.