Coinbase tokenized stocks go live on Base with Chainlink price feeds
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Coinbase’s tokenized US stocks launched on its layer-2 blockchain Base, integrating Chainlink Data Feeds for continuous price updates. These tokenized stocks, including Nvidia, Apple, Meta, and Alphabet, are issued as B20 tokens and are available to non-US users in eligible jurisdictions. Chainlink provides pricing using the underlying stock price and a Coinbase-supplied multiplier that adjusts for dividends and corporate actions.
Why it matters
The integration of Chainlink price feeds enables decentralized finance (DeFi) protocols to use Coinbase’s tokenized stocks in applications like lending markets, decentralized exchanges, and structured products. This expansion allows tokenized stocks to serve as collateral for borrowing and increases their utility within DeFi ecosystems. The source does not discuss broader market implications or policy impact beyond this.
Key context
Each Coinbase-issued token corresponds to a direct claim on an underlying share held with regulated broker Alpaca under supervision by Abu Dhabi Global Market. Tokens are native to Base, Coinbase's layer-2 blockchain, and can be held in self-custody wallets and traded 24/7. The total value of tokenized stocks in the market has reached about $2.48 billion with over 2.1 million holders, reflecting growing adoption.
Key numbers and entities
Coinbase, Chainlink, Nvidia, Apple, Meta, Alphabet, Alpaca, Abu Dhabi Global Market, Base blockchain. Total value of tokenized stocks: approximately $2.48 billion. Monthly transfer volume: $27.28 billion. Token holders: over 2.1 million.
What remains unclear
The article does not specify whether US users can access these tokenized stocks on Base, aside from saying non-US users in eligible jurisdictions can. It is also unclear which additional tokenized stocks Coinbase plans to launch on Base or the timeline for these rollouts. The broader regulatory and market impact of this integration is not addressed.