Tokenized shares issued by Coinbase can currently serve as collateral for USDC loans through Aave V4 operating on Base, incorporating seven U.S. equities into the decentralized borrowing protocol’s collateral offerings.
The Equities Hub debuted on Friday featuring Coinbase-created tokenized shares representing Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, based on a press release provided to The Block. Qualified non-U.S. participants located in authorized regions can access these seven financial instruments.
Aave noted that participants are able to deposit the tokenized equities and secure USDC loans against them. These shares function exclusively as collateral upon release, with Chainlink supplying decentralized price feeds utilizing its tokenized equity infrastructure.
Stani Kulechov, founder and chief executive officer at Aave Labs, stated in the release that traditional public equities represent one of the biggest capital pools globally, and asset tokenization is beginning to migrate that liquidity onto public networks.
Kulechov mentioned to The Block that previously a tokenized equity was limited to holding or trading, whereas now it functions as an asset against which loans can be taken.
The market opened with an initial collateral ceiling near $29 million across the seven equities, alongside a $32 million USDC supply ceiling and a $21 million USDC borrowing ceiling, according to LlamaRisk, the risk management partner for Aave. Risk thresholds span from 65% up to 79%, depending on the particular stock.
Aave pushes beyond crypto assets
This rollout arrives as Kulechov has been detailing an expanded strategy targeting tokenized shares, traditional securities, and alternative real-world assets. During a recent interview with The Block, he remarked that institutional entities bring substantial capital volume and might stimulate demand for blockchain-based borrowing.
Furthermore, Kulechov stated that the underlying tech of tokenization no longer presents the primary barrier for the industry, noting that asset tokenization and decentralized finance are no longer technological hurdles but rather go-to-market challenges.
His remarks followed the day after the Senate rejected the advancement of the Clarity Act by a 49-50 vote. Kulechov suggested decentralized finance could adopt an approach akin to Uber by expanding its user base until legislators are compelled to determine the regulatory framework for the sector.
He added that if that outcome does not occur naturally, the primary objective remains leveraging this technology to empower millions of individuals worldwide.
Equities pooled into one USDC market
Aave explained that the Equities Hub implements its Hub and Spoke framework to consolidate the stock collateral inside a unified market featuring a single USDC liquidity pool. Risk parameters are configured independently for each individual asset, while issues impacting a single equity remain contained away from the others.
According to the announcement, the market functions continuously around the clock. Additional Coinbase tokenized equities may get integrated over time, along with GHO functioning as a borrowable currency, pending community governance and risk evaluations.
Johann Eid, Chief Business Officer at Chainlink, noted that Aave incorporating Coinbase Tokenized Stocks supported by Chainlink as the official oracle framework represents a significant milestone toward moving the global equities market valued over $150 trillion onto public ledgers.
Antonio García-Martínez, Head of Growth at Base, stated that qualified international users outside the United States are able to utilize the equities to secure USDC loans, while individuals supplying USDC have the opportunity to generate yield.
Aave reported handling $3.6 trillion in total cumulative deposits alongside over $1 trillion in historical loan volume.
Originally published at https://www.theblock.co/news/defi/2026-09-25-aave-v4-on-base-adds-coinbase-tokenized-stocks-as-collateral-for-usdc-loans-416372.
