Coinbase Tokenized Stocks Go Live on Aave V4

Coinbase's tokenized stocks have taken another step into decentralized finance (DeFi) with seven of its products now live on Aave V4 on Base. The integration allows users to deposit and borrow against these tokens, giving them a new use case beyond simply holding or trading them.

The available stocks include AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc. These tokens are issued by Coinbase Onchain SPV Ltd., with the underlying shares held in segregated custody accounts by Alpaca Securities LLC.

The setup is relatively simple at launch, but there are some caveats to consider. The Equities Hub has a single USDC reserve, and all seven stocks can be posted as collateral under their own risk parameters.