Coinbase launches tokenized stocks on Base blockchain with Chainlink price feeds
Coinbase brings Apple, Nvidia, and other stocks to blockchain
Coinbase has launched tokenized versions of U.S. stocks on its Base blockchain. These digital tokens represent shares of companies like Apple, Nvidia, Meta, and Alphabet. The tokens allow eligible non-U.S. users to trade these stocks 24 hours a day, seven days a week, and use them in decentralized finance (DeFi) applications.
The launch includes a partnership with Chainlink, a service that provides real-time price data for these tokenized stocks. This data helps DeFi platforms integrate the tokens into lending markets, exchanges, and other financial products.
How the tokenized stocks work
- Each token represents a direct claim on an underlying share held by regulated broker and custodian Alpaca.
- The tokens are issued on Base, Coinbase’s layer-2 blockchain, which is built on top of Ethereum to make transactions faster and cheaper.
- Chainlink’s price feeds ensure the tokens reflect the real-time value of the underlying stocks, adjusting for dividends and corporate actions.
- Users can hold the tokens in self-custody wallets, meaning they control their own assets without relying on a bank or exchange.
Who can access these tokens
The tokenized stocks are available only to non-U.S. users in eligible jurisdictions. Coinbase has not specified which countries are included, but the tokens are issued under a structure supervised by the Abu Dhabi Global Market.
What this means for DeFi
The tokenized stocks can be used across existing DeFi infrastructure. For example, users could use tokenized Nvidia shares as collateral to borrow money on platforms like Aave or supply tokenized Apple shares to decentralized exchanges. More tokenized stocks are expected to launch on Base in the coming weeks.
Market growth for tokenized stocks
The broader market for tokenized equities has grown significantly. According to data from RWA.xyz, the total value of tokenized stocks reached about $2.48 billion as of August 2026, up 5.2% over the past 30 days. Monthly transfer volume has climbed to $27.28 billion, and the number of holders has surpassed 2.1 million.
What is confirmed
- Coinbase has launched tokenized stocks on its Base blockchain.
- The tokens represent shares of companies like Apple, Nvidia, Meta, and Alphabet.
- Chainlink provides real-time price data for these tokens.
- The tokens are available to non-U.S. users in eligible jurisdictions.
- The underlying shares are held by regulated broker and custodian Alpaca under Abu Dhabi Global Market supervision.
- The total value of tokenized stocks is approximately $2.48 billion, with 2.1 million holders.
What is still unclear
- Coinbase has not specified which non-U.S. jurisdictions are eligible to access these tokenized stocks.
- No timeline has been provided for the launch of additional tokenized stocks on Base.
Why this matters for crypto users
Tokenized stocks bridge traditional finance and blockchain technology. They allow users to trade stocks outside of traditional market hours and use them in DeFi applications. This could make stock trading more accessible to people in regions with limited access to traditional financial services. It also opens new possibilities for using stocks as collateral in decentralized lending and trading platforms.
