Chainlink (LINK) Price: Feeds Now Support Coinbase Tokenized Stocks on Base

TLDR

• Chainlink added price feeds for four Coinbase tokenized stocks on Base.
• The feeds cover NVDAc, METAc, AAPLc, and GOOGLc tokens.
• Aave, Morpho, and Euler are among the protocols preparing lending markets for these tokens.
• The tokens are not available to U.S. investors under current offering rules.
• Chainlink’s feeds track total return value, including dividend reinvestment adjustments.

Chainlink introduced price feeds for four Coinbase tokenized stocks on Base this week. The move lets decentralized finance protocols use the tokens as loan collateral. Coinbase issued the assets under the B20 token standard.

The four tokens represent shares in Nvidia, Meta, Apple, and Alphabet. Their tickers are NVDAc, METAc, AAPLc, and GOOGLc. Each token is backed one-to-one by a share held in custody.

Chainlink announced the update on X on August 26. The company said its Data Feeds give lending protocols the data needed to assess the tokens as collateral. This expands their use beyond simple holding and trading.

Coinbase Onchain SPV Ltd. issues the tokens. The company is based in the Abu Dhabi Global Market. It operates under prospectuses approved by the market’s Financial Services Regulatory Authority.

Alpaca Securities acts as broker and custodian for the underlying shares. Alpaca is registered with the U.S. Securities and Exchange Commission. It also belongs to FINRA and SIPC.

How the Price Feeds Work

Each Chainlink feed reports the total return value of a B20 token. This combines the stock’s market price with a multiplier from Coinbase’s onchain oracle registry.

The multiplier accounts for dividends. Coinbase’s prospectuses state dividends are usually reinvested into more shares after fees and taxes. This changes how much equity each token represents over time.

Chainlink advises developers to check each token’s contract address. Ticker symbols alone can be copied by unrelated projects. Verifying the address helps avoid confusion between similar-looking assets.

The feeds run around the clock, Monday through Friday. They blend data from regular trading hours, extended hours, and overnight markets. Coverage is strongest during standard U.S. market hours.

Data quality drops during overnight sessions due to fewer providers. On weekends, when equity markets are shut, the reported value may not change. Chainlink uses smoothing to reduce short price spikes during session transitions.

Lending Access and Restrictions

Base-based platforms including Aave, Morpho, and Euler are preparing or offering lending markets for the tokens. Aerodrome supports liquidity for the tokenized stocks. 0x, 1inch, KyberSwap, and CoW Swap provide trading tools.

Not every protocol will list every token right away. Each platform decides independently which markets to activate. Availability can vary by asset and by service.

The tokens remain off-limits to U.S. investors. Coinbase issues them under Regulation S, which applies to offerings made outside the United States. The securities are not registered with the SEC or state regulators.

Verified holders can redeem tokens for the underlying stock, U.S. dollars, or USDC. Coinbase charges a 0.05% redemption fee for this process. The company may also run identity and sanctions checks before approving a redemption.

Holders who obtain tokens through DeFi without finishing Coinbase’s compliance steps are considered unvested. Unvested holders cannot redeem their tokens for shares or cash. They also cannot submit voting instructions tied to the underlying stock.

The post Chainlink (LINK) Price: Feeds Now Support Coinbase Tokenized Stocks on Base appeared first on Blockonomi.