Coinbase Taps Chainlink for Tokenized Stocks Oracle Infrastructure
Coinbase has chosen Chainlink as its official oracle infrastructure to power Tokenized Stocks on its platform. This integration will enable tokenized equities to become fully composable building blocks across the Base DeFi ecosystem.
Chainlink Data Feeds will provide continuous pricing for Coinbase's tokenized stocks, including NVDAc, METAc, AAPLc, GOOGLc, and others. This data will be used by leading DeFi protocols to support tokenized equities as collateral, transforming them from standalone tokens into more versatile assets.
Coinbase Tokenized Stocks are real equity securities issued as standard B20 tokens on Base. Each token is backed 1:1 by an underlying share held in regulated custody with Alpaca under the Abu Dhabi Global Market (ADGM) framework. With Coinbase as the issuer, Chainlink delivers the essential market data infrastructure required to unlock onchain utility and distribution across the Base ecosystem.
The partnership between Coinbase and Chainlink is a major milestone in the convergence of traditional capital markets and onchain finance. By providing institutional-grade market data, it will give millions of users access to financial primitives that were previously locked behind traditional gatekeepers.