Coinbase Taps Chainlink for Tokenized Stocks Oracle Infrastructure

Coinbase has chosen Chainlink as its official oracle infrastructure for its Tokenized Stocks, which are now live on Base DeFi. These tokenized equities allow users to access continuous pricing data through Chainlink Data Feeds. This means that builders across the Base ecosystem can utilize these tokens in lending markets, decentralized exchanges, and structured product platforms.

The tokenized stocks track real equity securities issued as standard B20 tokens on Base, each backed one-to-one by an underlying share held in regulated custody with Alpaca under the Abu Dhabi Global Market framework. This allows for 24/7 collateral management, enabling users to earn yield and borrow against US stocks.

According to Chainlink, tokenized assets only reach their full potential when the broader ecosystem can build with them across DeFi. The collaboration between Coinbase and Chainlink is expected to accelerate the convergence of traditional and decentralized finance.