Coinbase selects Chainlink as its official oracle infrastructure powering Tokenized Stocks

​Coinbase has chosen Chainlink as its official oracle provider to power its newly launched Tokenized Stocks, bringing enhanced utility and distribution to the Base DeFi ecosystem. Through Chainlink Data Feeds, developers on Base can access continuous pricing for tokenized equities including NVDAc, METAc, AAPLc, and GOOGLc, enabling lending markets, decentralized exchanges, and structured product platforms to use these assets as collateral. Each Coinbase Tokenized Stock is issued as a standard B20 token on Base, backed 1:1 by an underlying share held in regulated custody with Alpaca under the Abu Dhabi Global Market (ADGM) framework. 

By integrating Chainlink, Coinbase unlocks 24/7 collateral management, allowing Base users to earn yield and borrow against U.S. stocks. "Base has built one of the most vibrant DeFi ecosystems out there, and Chainlink's oracle infra unlocks new utility for tokenized assets," said Antonio Garcia-Martinez, Head of Growth at Base. "With institutional-grade market data now live onchain, we're giving millions of users access to financial primitives that, until now, were locked behind traditional gatekeepers." Johann Eid, Chief Business Officer at Chainlink Labs, added, "Tokenized assets only reach their full potential when the broader ecosystem can build with them across DeFi. We're excited to see Coinbase select Chainlink as its official oracle infrastructure for Coinbase Tokenized Stocks. With Chainlink, Coinbase leverages the secure, reliable pricing data required to unlock the utility and distribution of tokenized stocks across DeFi, while accelerating the convergence of TradFi and DeFi." This development marks a significant milestone in merging traditional capital markets with onchain finance, as Coinbase accelerates mainstream access to the onchain economy. Coinbase Tokenized Stocks are available only in eligible jurisdictions outside the United States.