Tokenized Stocks Just Became DeFi Collateral Aave V4 on Base has added Coinbase's tokenized stocks as collateral, meaning users can borrow USDC against onchain versions of equities rather than selling them first. The initial integration covers assets issued through Coinbase's tokenized-stock infrastructure. That creates a combination that would look fairly strange in a traditional brokerage account: hold tokenized equities, deposit them into a lending protocol, and use the position to access dollar liquidity onchain. For $AAVE , the bigger story isn't simply another collateral type. DeFi lending started largely with crypto-native assets such as ETH and stablecoins. As tokenized securities move onchain, lending protocols potentially get an entirely new pool of collateral to work with. There are new risks attached to that, of course. A tokenized stock still depends on its issuer, market structure and the underlying security; putting it into a DeFi protocol doesn't remove any of those layers. But the boundary between “DeFi assets” and “traditional assets” is getting noticeably harder to draw. #Macro Insights# #Altcoin Season#