Coinbase Taps Chainlink for Tokenized Stocks

Coinbase has partnered with Chainlink to bring tokenized stocks to its users. The largest publicly traded digital asset exchange in the US will use Chainlink's oracle infrastructure to power its newly launched Tokenized Stocks, which are real equity securities issued as standard B20 tokens on Base.

These tokenized stocks include NVDAc, METAc, AAPLc, GOOGLc, and more. Through Chainlink Data Feeds, builders across the Base ecosystem have access to continuous pricing for Coinbase's tokenized stocks, enabling leading DeFi protocols to support tokenized equities as collateral.

Coinbase Tokenized Stocks are backed 1:1 by an underlying share held in regulated custody with Alpaca under the Abu Dhabi Global Market (ADGM) framework. With institutional-grade market data now live onchain, Coinbase is unlocking advanced 24/7 collateral management use cases for its users.

This development marks a major milestone in the convergence of traditional capital markets and onchain finance. As one of the world's most trusted digital asset platforms bringing equities onchain at scale, Coinbase is accelerating mainstream access to the onchain economy.