Tokenized Stocks Gain New Functionality as Collateral for Aave Loans

Financial markets have gained another layer of depth with the integration of tokenized stocks as collateral on Aave V4 on Base. This development has enabled eligible non-US users to borrow USDC against their holdings of tokenized Apple, Nvidia, and Tesla shares.

The seven Coinbase tokenized U.S. stocks now available for collateral include AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc. However, the assets themselves cannot be borrowed directly; they can only serve as collateral for USDC loans.

Chainlink is providing market data through Coinbase's official oracle feeds to facilitate this process. This integration will likely provide users with greater flexibility in managing their financial portfolios.