Coinbase Launches Four Tokenized Stocks on Base

Coinbase has launched four tokenized stocks on Base and adopted Chainlink as its official oracle infrastructure. These stock-linked tokens can be used as collateral for lending and borrowing in Base DeFi. The currently available stocks are NVDAc based on Nvidia, METAc based on Meta, AAPLc based on Apple, and GOOGLc based on Alphabet, totaling four types. Coinbase explained that this product moves individual U.S. company stocks on-chain, granting holders direct claims to the underlying stocks. The underlying stocks are held by Alpaca under the Abu Dhabi Global Market framework. The tokenized stocks are offered under Regulation S and are not available to U.S. residents and certain restricted jurisdictions. This structure includes issues related to the valuation and liquidation of stock-linked tokens within the DeFi credit market. The scope of collateral recognition and liquidation conditions may vary by protocol. As of August 25, 2026, the tokenized stock market has a total decentralized value of $2.49 billion, with 2.25 million holders. Coinbase stated that it will add more stocks over the coming weeks.