Aave V4 on Base Accepts Coinbase Tokenised Stocks as Collateral
Updated: 13 hours ago
TL;DR: Aave's V4 upgrade on Coinbase's Base network now accepts Coinbase's tokenised stocks as collateral, blurring the line between DeFi lending and traditional equities.
Equities meet DeFi
Aave, the largest decentralised lending protocol, has deployed its V4 upgrade on Base and begun accepting Coinbase's tokenised stocks as collateral for borrowing. In practice, a user can post a tokenised share and borrow stablecoins against it — an equities-backed loan executed entirely through smart contracts.
The bigger picture
This is what bringing Wall Street on-chain actually looks like at the product level: familiar assets (stocks) used inside crypto-native infrastructure (a lending protocol) on an exchange-backed chain (Base).
Coinbase is building a vertically integrated stack — its chain, its tokenised assets, and blue-chip DeFi protocols on top — and each layer reinforces the others. Tokenised equities as collateral could unlock a large new pool of borrowing demand, though regulatory clarity on tokenised securities remains the key dependency.
Quick FAQ
Q: What are tokenised stocks?
Blockchain tokens that represent ownership of or exposure to real shares, allowing equities to be traded and used on-chain.
Q: Is borrowing against tokenised stocks risky?
Like any collateralised loan, positions can be liquidated if the collateral's value falls. Smart-contract and regulatory risks also apply.
The takeaway: DeFi is absorbing traditional assets. Equities-as-collateral on Base shows how quickly the wall between stocks and crypto lending is coming down.
How is your business thinking about this shift? We'd love to hear where you see digital finance heading next.
Want to turn digital-finance trends into a marketing strategy that wins customers? Get in touch at danieln@merxmarketing.co.uk.
Source: Compiled from CoinDesk, Cointelegraph, The Block and Decrypt reporting, September 2026.
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Written by Daniel Nikolla, Founder of Merx Marketing Ltd and Marketing Minute
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