Coinbase Integrates Chainlink for Tokenized Stocks

Coinbase has chosen Chainlink to provide price infrastructure for its tokenized stocks, allowing shares of companies like Apple and NVIDIA to move freely in decentralized lending and trading marketplaces.

This agreement is significant for crypto users outside the US, as it enables them to take advantage of blockchain-based versions of US stocks similar to how the DeFi sector already does with stablecoins and tokenized Treasury bonds.

The timing of this partnership is crucial, given that tokenized equities have been a developed area of on-chain finance this year. However, many tokens are still idle in wallets, and Chainlink's reliable price feeds will facilitate their use for collateral, liquidity, and building blocks for other protocols.