Coinbase Launches Tokenized US Stocks on Base with Chainlink Price Feeds

Coinbase has launched trading in tokenized US stocks on its Base layer-2 blockchain. The tokens, issued as B20 on the Base network, represent a direct claim to underlying shares held by Alpaca, a regulated broker and custodian operating under the Abu Dhabi Global Market framework.

The tokenized stocks include Nvidia, Apple, Meta, and Alphabet, which can be used as collateral in lending markets, decentralized exchanges, and structured products across DeFi protocols. Chainlink price feeds provide real-time pricing for the assets, allowing DeFi protocols to use them seamlessly.

The total value of tokenized stocks has risen 5.2% over the past 30 days to about $2.48 billion, with a monthly transfer volume of $27.28 billion and over 2.1 million holders.