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Coinbase Taps Chainlink to Power Tokenized Stocks on Base
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Key Takeaways
Coinbase chose Chainlink as oracle infrastructure for tokenized stocks, enabling continuous pricing data.
Base hosts 1:1-backed tokenized shares of Apple, NVIDIA, Meta and Alphabet held in regulated custody.
Tokenized stocks could support DeFi collateral, liquidity, lending and new financial products on Base.
Coinbase Global (COIN - Free Report) has selected Chainlink as the oracle infrastructure for its tokenized stocks, a move that could expand its role beyond digital representations of listed shares. By providing continuous pricing data, Chainlink can help make these assets usable across finance applications, connecting traditional securities with onchain markets and opening revenue opportunities for both companies.
Coinbase has introduced tokenized versions of stocks such as Apple, NVIDIA, Meta and Alphabet on Base. Each token is a 1:1-backed claim on an underlying share held in regulated custody. Chainlink Data Feeds give developers across the Base ecosystem access to pricing information for these tokenized equities.
Chainlink reports that tokenized equities are among the fastest-growing segments of the real-world asset market, with their value reaching a record $2.3 billion by mid-July 2026. The milestone points to rising demand for blockchain-based access to traditional investments. Coinbase also benefits from Base’s reach, including millions of users and a developer ecosystem.
The opportunity for Coinbase goes beyond transaction fees. If tokenized stocks gain acceptance as collateral in DeFi, they could attract liquidity, lending activity and new financial products to Base. Meanwhile, Chainlink would benefit from growing demand for oracle services. Together, the companies are positioning Base as a marketplace where crypto assets and traditional securities can operate within the same financial system.
What About Peers?
Robinhood Markets, Inc. (HOOD - Free Report) launched tokenized stocks in Europe in 2025 and subsequently built Robinhood Chain, an Ethereum-compatible Layer-2 specifically designed to bring traditional assets onchain. Robinhood’s Stock Tokens provide economic exposure to U.S. stocks and ETFs.
Interactive Brokers (IBKR - Free Report) continues to add features that widen its addressable client base and deepen wallet share. Interactive Brokers has added nine new tokens for trading through zerohash and three new tokens through Paxos, while introducing the ability to transfer funds to external wallets via stablecoin.
COIN’s Price Performance
Shares of COIN have lost 20.3% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive Valuation
COIN trades at a price-to-earnings ratio of 80.85, significantly above the industry average of 17.2.
Image Source: Zacks Investment Research
Estimate Movement for COIN
The Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
Image Source: Zacks Investment Research
The consensus estimates for COIN’s 2026 revenues and earnings indicate year-over-year decreases. Nonetheless, the consensus estimates for 2027 revenues and earnings imply year-over-year increases.
COIN stock currently carries a Zacks Rank #4 (Sell).
View the Zacks #1 Rank List
Image: Shutterstock
Coinbase Taps Chainlink to Power Tokenized Stocks on Base
Key Takeaways
Coinbase Global (COIN - Free Report) has selected Chainlink as the oracle infrastructure for its tokenized stocks, a move that could expand its role beyond digital representations of listed shares. By providing continuous pricing data, Chainlink can help make these assets usable across finance applications, connecting traditional securities with onchain markets and opening revenue opportunities for both companies.
Coinbase has introduced tokenized versions of stocks such as Apple, NVIDIA, Meta and Alphabet on Base. Each token is a 1:1-backed claim on an underlying share held in regulated custody. Chainlink Data Feeds give developers across the Base ecosystem access to pricing information for these tokenized equities.
Chainlink reports that tokenized equities are among the fastest-growing segments of the real-world asset market, with their value reaching a record $2.3 billion by mid-July 2026. The milestone points to rising demand for blockchain-based access to traditional investments. Coinbase also benefits from Base’s reach, including millions of users and a developer ecosystem.
The opportunity for Coinbase goes beyond transaction fees. If tokenized stocks gain acceptance as collateral in DeFi, they could attract liquidity, lending activity and new financial products to Base. Meanwhile, Chainlink would benefit from growing demand for oracle services. Together, the companies are positioning Base as a marketplace where crypto assets and traditional securities can operate within the same financial system.
What About Peers?
Robinhood Markets, Inc. (HOOD - Free Report) launched tokenized stocks in Europe in 2025 and subsequently built Robinhood Chain, an Ethereum-compatible Layer-2 specifically designed to bring traditional assets onchain. Robinhood’s Stock Tokens provide economic exposure to U.S. stocks and ETFs.
Interactive Brokers (IBKR - Free Report) continues to add features that widen its addressable client base and deepen wallet share. Interactive Brokers has added nine new tokens for trading through zerohash and three new tokens through Paxos, while introducing the ability to transfer funds to external wallets via stablecoin.
COIN’s Price Performance
Shares of COIN have lost 20.3% in the year-to-date period, underperforming the industry.
Image Source: Zacks Investment Research
COIN’s Expensive Valuation
COIN trades at a price-to-earnings ratio of 80.85, significantly above the industry average of 17.2.
Image Source: Zacks Investment Research
Estimate Movement for COIN
The Zacks Consensus Estimate for COIN’s third-quarter and fourth-quarter 2026 earnings per share (EPS) witnessed southbound movement in the last 30 days. The same holds true for 2026 and 2027.
Image Source: Zacks Investment Research
The consensus estimates for COIN’s 2026 revenues and earnings indicate year-over-year decreases. Nonetheless, the consensus estimates for 2027 revenues and earnings imply year-over-year increases.
COIN stock currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.