🔷 Tokenized shares $AAPLB and $NVDAB became collateral for $AAVE V4
📋 Facts:
• 7 tokenized shares from Coinbase earned as collateral on Aave V4 on the Base network
• List: AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, TSLAc
• Loans in USDC backed by shares (only for users outside the US)
• The shares are held by broker-dealer Alpaca Securities LLC (SEC registration)
• Segregated accounts; the custodian cannot use the securities
• Dividends are reinvested into additional shares
• The SEC allowed trading of tokenized shares for 5 years (a temporary concession)
🧠 My take: Dividends are reinvested, making the token a full-yield instrument. Aave V4 enables borrowing USDC against collateral from these shares, creating leverage without selling positions. But there are limitations: only for eligible persons outside the US, only as collateral (not for loans or for trading share-against-share). Plus, there’s a liquidity issue: issuing the same assets across multiple networks fragments liquidity.
⚠️ Risks: temporary regulatory concession by the SEC (5 years); restriction to persons outside the US; liquidity fragmentation; dependence on Chainlink oracles.
❓ Will tokenized stocks become a mainstream trend? 👇
#AAVE
📋 Facts:
• 7 tokenized shares from Coinbase earned as collateral on Aave V4 on the Base network
• List: AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, TSLAc
• Loans in USDC backed by shares (only for users outside the US)
• The shares are held by broker-dealer Alpaca Securities LLC (SEC registration)
• Segregated accounts; the custodian cannot use the securities
• Dividends are reinvested into additional shares
• The SEC allowed trading of tokenized shares for 5 years (a temporary concession)
🧠 My take: Dividends are reinvested, making the token a full-yield instrument. Aave V4 enables borrowing USDC against collateral from these shares, creating leverage without selling positions. But there are limitations: only for eligible persons outside the US, only as collateral (not for loans or for trading share-against-share). Plus, there’s a liquidity issue: issuing the same assets across multiple networks fragments liquidity.
⚠️ Risks: temporary regulatory concession by the SEC (5 years); restriction to persons outside the US; liquidity fragmentation; dependence on Chainlink oracles.
❓ Will tokenized stocks become a mainstream trend? 👇
#AAVE
