Coinbase Launches Tokenized US Stocks on Base With Chainlink Price Feeds
Forecast Trend Report by Period
Coinbase has officially launched tokenized US stocks on its Layer 2 blockchain, Base.
Cointelegraph reported on August 24 that Coinbase enabled trading of tokenized shares in major US-listed companies including Nvidia, Apple, Meta and Alphabet on the Base network. The service is available to residents of eligible countries outside the US.
The tokenized stocks are issued as B20 tokens on Base. Alpaca, a regulated broker and custodian operating under the Abu Dhabi Global Market supervisory framework, holds the underlying shares. Each token represents a direct claim on the corresponding stock. Users can keep the assets in self-custody wallets or trade them 24 hours a day.
Coinbase also integrated Chainlink price feeds to support use of the assets across decentralized finance. The feeds provide real-time pricing for the tokenized stocks. Chainlink documentation says each token price is calculated by applying a Coinbase-provided multiplier to the underlying stock price, with dividends and corporate actions reflected. That allows DeFi protocols to use the assets as collateral in lending markets, decentralized exchanges and structured products. Base cited the use of tokenized Nvidia stock as collateral on Aave and the supply of tokenized Apple stock to decentralized exchanges as examples.
The broader tokenized stock market has also continued to grow. Data from RWA.xyz showed the total value of tokenized stocks at about $2.48 billion, up 5.2% in the past 30 days. Monthly transfer volume reached $27.28 billion, and the number of holders topped 2.1 million. Coinbase plans to launch additional tokenized stocks on Base in the coming weeks.
