Coinbase Brings Traditional Finance to DeFi with Tokenized Stocks

Coinbase has integrated Chainlink's data feed infrastructure to support tokenized U.S. stock tokens on its Ethereum layer-2 network, Base.

This move signals a step forward in Coinbase's efforts to bridge traditional finance with on-chain assets and allows investors to gain exposure to traditional equities without the need for a conventional brokerage account.

The integration builds on Chainlink's existing presence on Base, where it powers various decentralized finance (DeFi) applications. By leveraging Chainlink's oracle network, Coinbase aims to deliver a seamless and secure experience for users trading U.S. equities in a tokenized form.