Chainlink enables DeFi borrowing for Coinbase tokenized stocks

Chainlink has deployed dedicated price feeds for four Coinbase tokenized stocks on the Base blockchain, enabling decentralized finance (DeFi) protocols to use these assets as borrowing collateral. The supported assets include tokenized versions of Nvidia (NVDAc), Meta (METAc), Apple (AAPLc), and Alphabet (GOOGLc).

These assets follow the B20 token standard, which is designed for representing real-world assets on blockchain networks. The tokens are issued by Coinbase Onchain SPV Ltd., an entity regulated in the Abu Dhabi Global Market. To ensure stability, physical shares are held in a one-to-one custody arrangement managed by Alpaca Securities.

Chainlink’s Data Feeds provide continuous valuations by calculating the total return value of each token. This calculation incorporates the underlying stock’s market price alongside a multiplier from Coinbase’s onchain oracle registry to account for corporate actions, such as dividend reinvestment. While these assets expand utility within DeFi lending platforms like Aave, Morpho, and Euler, participation is restricted to eligible non-U.S. investors due to Regulation S compliance requirements.