Crypto
Chainlink Powers Coinbase Tokenized Stocks on Base with Oracle Infrastructure
Chainlink has become the official oracle infrastructure for Coinbase's tokenized stocks on Base. This integration enables DeFi protocols to use the tokenized stocks as collateral, thanks to Chainlink Data Feeds providing reference information.
The arrangement gives Coinbase's tokenized stocks a designated data layer for on-chain applications, allowing supported lending or borrowing designs to incorporate them. The integration extends Chainlink's role in tokenized assets through Base but actual collateral support depends on how individual protocols adopt the feeds and structure their markets.