Crypto Exchange Coinbase Taps Chainlink to Power Tokenized Stocks

Crypto exchange Coinbase has selected Chainlink as its official Oracle infrastructure provider for its tokenized stocks. Chainlink announced the development in a press release after the launch of the new products.

According to Chainlink, Base users will have 24/7 access to pricing data for recently launched tokenized stocks. The data will be available through Chainlink Data Feeds. With this, builders on Base can integrate the tokenized equities into DeFi markets on the network.

Coinbase Launches Tokenized Stocks With 24/7 Trading on Base

Coinbase has rolled out tokenized stocks for international users in partnership with registered broker Alpaca. With the move, the US firm joins the growing list of crypto exchanges, including Kraken and Binance, that have also launched tokenized stocks.

It reflects the broader appetite for tokenization among both traditional and crypto firms. Several firms, including major tradfi institutions, are already testing tokenized securities even as regulations concerning them remain vague.

Coinbase has already issued tokenized versions of major equities such as Apple AAPLc, Nvidia NVDAc, Meta METAc, and Alphabet GOOGLc. However, it has also disclosed plans to roll out additional on-chain equities.

According to Coinbase, its tokenized stocks are built natively on the Base network using the B20 standard. It noted that these stocks represent direct claims to the underlying equities. They are issued under the supervision of the Abu Dhabi Global Market’s (ADGM) regulatory authority.

Its announcement also highlighted that launching on-chain equities is better, noting that tokenized stocks on Base are built for DeFi.

They are liquid and programmable compared to traditional stocks, the firm said: “Use your tokenized NVIDIA stock as collateral for an on-chain loan on Aave, supply Apple to a decentralized exchange to earn yield, or build automated trading strategies.”

LINK Sees Gains Amidst Increased Adoption of Chainlink

Meanwhile, news that Coinbase is tapping Chainlink for its data feeds represents another positive development for the Oracle provider. Chainlink has been enjoying increased adoption across several of its tools this year.

This has been due to several factors, including the KelpDAO hack, which triggered an exodus from LayerZero to Chainlink’s CCIP.

However, Chainlink also remains the premier onchain data provider, and the growing onchain ecosystem, fuelled by payments, stablecoins, tokenization, and AI, has also boosted its use.

Unsurprisingly, all these positive developments have translated into price momentum for LINK. The token is now up 22% in the past seven days while gaining almost 40% in the past month.

It is still trading at 5% below its value at the start of the year. However, it is now one of the best-performing major-cap tokens in 2026, while trading at $11.55