cryptonews.net
Coinbase, a major US-based digital asset exchange, has selected Chainlink as the oracle infrastructure for its tokenized stocks. The integration will provide DeFi projects on Base with continuous market data for assets such as NVDAc, METAc, AAPLc, and GOOGLc.
Chainlink Data Feeds will allow lending platforms, decentralized exchanges, and other DeFi protocols to use tokenized stocks in their products. This could make the assets useful not only for trading, but also as collateral for loans and other financial applications.
Coinbase Tokenized Stocks are issued as B20 tokens on Base and represent real equity securities. Each token is backed 1:1 by an underlying share held in regulated custody with Alpaca under the Abu Dhabi Global Market framework.
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