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Coinbase Launches Tokenized Stocks on Base with Chainlink Price Feeds

Coinbase has launched tokenized stocks on its Base platform, including shares of Apple and Nvidia, enabling eligible non-U.S. users to trade these assets 24/7 and utilize them within DeFi applications.

AS1 NewsSource: cointelegraph.com

coinbasetokenized-stocksdefichainlinkbasecrypto-trading
LINK$11.35+0.43%NVDA$218.29-4.45%U$0.9997+0.05%

Coinbase has introduced tokenized stocks on its Base blockchain network, bringing traditional equities such as Apple and Nvidia onchain. This development allows eligible non-U.S. users to trade these stocks around the clock, bypassing traditional market hours, and to use them across decentralized finance (DeFi) platforms. The tokenized stocks are supported by Chainlink price feeds, ensuring real-time, reliable valuation data. This move marks a significant step in integrating traditional financial assets into the crypto ecosystem, providing more flexible trading options and expanding the scope of DeFi applications. Coinbase's initiative aims to enhance accessibility and liquidity for international users interested in stock exposure through blockchain technology.

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The launch of tokenized stocks on Coinbase's Base platform with Chainlink price feeds enhances access to traditional equities within the crypto ecosystem, potentially increasing liquidity and trading flexibility for international users.