Chainlink Soars as Coinbase Taps Oracle for Tokenized Stocks and Grayscale Continues Buying
Chainlink's oracle infrastructure has been expanding rapidly in recent days. The network's price feeds are now being used by Coinbase's tokenized stock trading product on its Base platform, and real-world asset marketplace NUVA has named Chainlink as its exclusive data infrastructure provider.
Coinbase confirmed that it selected Chainlink's oracles as the official price infrastructure for its tokenized stock trading product. The product allows users to trade tokenized shares of major US companies, including Nvidia, Apple, Meta, and Alphabet. These tokens are backed 1:1 by an underlying share, held by Alpaca, a regulated broker and custodian operating under the Abu Dhabi Global Market regulatory framework.
Chainlink's oracle network supplies the pricing data DeFi protocols need to value collateral like housing-related loan portfolios, which don't have continuous market prices. This follows a broader pattern across 2026 of LINK becoming the default oracle choice for RWA-focused platforms specifically because blockchain-based housing credit, private funds, and similar instruments need external valuation data that crypto-native price feeds alone can't provide.
Grayscale's Chainlink Trust has been accumulating LINK at a notable pace, purchasing an additional 443,153 LINK worth approximately $5.15 million just two days after buying 132,947 LINK ($1.54 million). This institutional accumulation is generally read as a signal of sustained demand rather than a single opportunistic trade.
The official Chainlink Reserve now stands at approximately $64.5 million, following LINK's roughly 40% price climb over the past month. Chainlink has stated its steady weekly buying pattern, not just the price move itself, is the main driver behind the Reserve's growth.