Coinbase’s tokenized US equities platform went live on Monday, with Chainlink providing real-time price feeds to support decentralized finance applications. The integration covers major stocks including Nvidia, Apple, Meta and Alphabet, enabling DeFi protocols to use the assets as collateral, trade on decentralized exchanges or structure products.
Each tokenized share is issued as a B20 token on Base, Coinbase’s layer-2 blockchain, and represents a direct claim on the underlying share held by regulated broker Alpaca under an Abu Dhabi Global Market-supervised framework. The tokens are available to non-US users in eligible jurisdictions and can be held in self-custody wallets, trading 24/7.
Chainlink’s data feeds value each token using the underlying stock price adjusted by a Coinbase-supplied multiplier to account for dividends and corporate actions. This structure allows the tokens to be integrated with existing DeFi infrastructure, such as using tokenized Nvidia shares as collateral on Aave or supplying tokenized Apple shares to decentralized exchanges.
Coinbase indicated additional tokenized stocks will launch on Base in the coming weeks. The broader tokenized equities market has expanded to $2.48 billion in total value, up 5.2% over the past 30 days, according to RWA.xyz data. Monthly transfer volume has reached $27.28 billion, while the number of holders has surpassed 2.1 million.
