Coinbase has launched its B20 tokenized US stocks on Base, its layer-2 blockchain, pairing the rollout with a Chainlink integration that delivers continuous price data to support their use across decentralized finance applications.
What launched and how pricing works
Chainlink Data Feeds will supply real-time pricing for the full range of Coinbase tokenized stocks, covering names including Nvidia, Apple, Meta and Alphabet. According to Chainlink’s documentation, each feed values a token using the underlying stock price combined with a Coinbase-supplied multiplier that adjusts for dividends and corporate actions.
That pricing layer allows DeFi protocols to plug the assets into lending markets, decentralized exchanges and structured products, and to accept them as collateral for borrowing.
Structure and custody
The stocks are issued natively on Base as B20 tokens and are available to non-US users in eligible jurisdictions. Each token represents a direct claim on an underlying share held by regulated broker and custodian Alpaca under a structure supervised by the Abu Dhabi Global Market, according to Base’s blog. Tokens can be held in self-custody wallets and traded around the clock, seven days a week.
That structure is worth reading carefully. Holding a B20 token is not the same as owning the share, but holding a claim on one held elsewhere by a custodian, under a regulatory regime based in Abu Dhabi rather than the market where the share trades.
DeFi integrations already outlined
Base said the assets are designed to plug into existing DeFi infrastructure from day one. Specific use cases cited include depositing tokenized Nvidia shares as collateral for loans on Aave and supplying tokenized Apple shares to decentralized exchanges. More tokenized stocks are expected to launch on Base in the coming weeks.
Market backdrop
The launch arrives as the tokenized equities sector continues to expand. Total value locked in tokenized stocks has reached approximately $2.48 billion, up 5.2% over the past 30 days, according to RWA.xyz data. Monthly transfer volume across the sector has climbed to $27.28 billion, while the number of holders has surpassed 2.1 million.
