DeFi· ★★★· bullish·

Tokenized Coinbase shares on Base can now be used as DeFi collateral

  • —Coinbase share tokens on Base can be deposited into Aave as collateral and into DEX liquidity pools
  • —Base also supports tokenized Apple, Nvidia, Meta and Alphabet shares
  • —The tokens are issued under Abu Dhabi FSRA oversight and backed 1:1 by shares
  • —The claimed $7.5 million in deposits and 42% on-chain capitalization are not officially confirmed
Why it matters: Tokenized equities are evolving from a speculative instrument into full-fledged DeFi collateral, deepening the link between traditional finance and on-chain lending.
#COIN
Source: TokenPost
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