Coinbase Tokenized Stocks Launch on Base with Chainlink Price Feeds

Coinbase's tokenized US stocks have gone live on Base, along with Chainlink price feeds. This integration will provide continuous pricing for Coinbase's tokenized stocks, including Nvidia, Apple, Meta, and Alphabet. The data allows DeFi protocols to integrate these assets into lending markets, decentralized exchanges, and structured products, including as collateral for borrowing.

The Chainlink Data Feeds value each token using the underlying stock price and a Coinbase-supplied multiplier that accounts for dividends and corporate actions. These stocks are issued as B20 tokens natively on Base's layer-2 blockchain and can be held in self-custody wallets and traded around the clock.

Base said the stocks can be integrated with existing DeFi infrastructure, including using tokenized Nvidia shares as collateral for loans on Aave or supplying tokenized Apple shares to decentralized exchanges. More Coinbase tokenized stocks are expected to launch on Base in the coming weeks.