Coinbase Tokenized Tech Stocks Go Live as USDC Collateral on Aave V4

Aave V4 on Base has launched an Equities Hub that lets eligible non-U.S. users deposit seven Coinbase tokenized stocks as collateral to borrow USDC. Aave Labs announced the launch on Sept. 25, 2026, extending onchain lending access to the Coinbase-issued equity tokens while limiting them to collateral use at launch.

Aave V4 opens USDC borrowing against seven tokenized stocks

The supported assets are AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc, corresponding to tokenized exposure to Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares. Users can post those assets and borrow USDC through the Base deployment, rather than borrow or lend the tokenized equities themselves.

Chainlink provides pricing data for the assets, according to Aave Labs. The collateral-only design means the initial market does not establish standalone lending pools for the seven equity tokens.

Equities Hub pools collateral behind one USDC reserve

The market uses Aave’s Hub-and-Spoke architecture to pool seven tokenized equities as collateral behind a single USDC reserve.

Aave applies separate risk parameters to each tokenized stock, rather than treating the equities as interchangeable collateral.

According to Aave, the equities were collateral-only at launch and were not available for direct borrowing.

Initial caps and Regulation S eligibility limit the launch

Initial parameters reported by The Block included roughly $29 million in aggregate collateral capacity, a $32 million USDC supply cap and a $21 million USDC borrow cap. Collateral factors were reported to range from 65% to 79%, setting different borrowing capacity depending on the asset deposited.

Access is also restricted. Coinbase Tokenized Stocks are offered under Regulation S to eligible non-U.S. persons in permitted jurisdictions, Aave Labs said. The underlying shares are held in segregated custody by Alpaca Securities LLC, according to the announcement.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.