Chainlink is enabling Coinbase tokenized stock to be used as collateral in DeFi protocols on Base, according to a Techub News item citing CoinGape. The move extends the use of tokenized U.S. equities beyond trading and into lending and other onchain financial use cases. Chainlink is supplying the price feed infrastructure that allows DeFi protocols on Base to integrate Coinbase tokenized stock. The report did not disclose additional implementation details, protocol names, or launch timing, but it identified Chainlink’s market data rails as the key component supporting this integration. The development centers on Base and reflects an expansion in how tokenized equity products can be used within DeFi applications on the network.
Chainlink is enabling Coinbase tokenized stock to serve as collateral in DeFi protocols on the Base network, according to Techub News, which cited CoinGape.
The development expands the use of tokenized U.S. stocks from trading into lending and other onchain financial scenarios. Chainlink is providing the price feed infrastructure that allows DeFi protocols on Base to integrate Coinbase tokenized stock.
The item cited CoinGape as the source.
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