Apple, Amazon, Nvidia, Google, Meta, Microsoft & Tesla Walk Into Aave Bar 🍎

Seven Coinbase-issued tokenized U.S. stocks are now usable as collateral for USDC borrowing through the Aave V4 deployment on Base, with Aave Labs rolling out the market on behalf of Aave DAO. The listed tokens are AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and TSLAc, all accessible to eligible users outside the United States. Chainlink supplies the equity pricing data, LlamaRisk completed the risk assessment, and Alpaca Securities holds the underlying shares in segregated custody accounts under the Coinbase Onchain SPV Ltd. issuance structure. Rather than only tracking share prices, the tokens give holders direct economic exposure to the equities, with cash dividends reinvested in underlying shares after fees and withholding taxes and an onchain multiplier adjusting for corporate actions including stock splits.

The new market operates through Aave's Equities Hub, which lets depositors borrow USDC against the tokenized stocks while remaining exposed to the underlying companies. Following the announcement, $AAVE rose more than 7%, changing hands at $146.65 at press time after a recent pullback. On the wider timeframe, $AAVE is up 13% over the past seven days and 25% over the past 30 days.