Aave V4 Holds $10.1 Million in Coinbase Stock Tokens on Base

Aave V4 holds $10.1 million in Coinbase stock tokens on Base, about 53% of deposits for those assets across DeFi venues, making it the largest venue in that segment. The $18.9 million total covers Coinbase-issued stock tokens deposited in DeFi on Base. Aave’s share describes that group of assets, rather than its share of all DeFi deposits. Seven tokens can serve as collateral for USDC loans in Aave’s Base lending market . They provide exposure to shares of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla. Coinbase Onchain SPV Ltd. issues the certificates represented by each token. The market is limited to eligible non-U.S. persons in permitted jurisdictions. Users can deposit the stock tokens as collateral and borrow USDC, but cannot borrow the stock tokens themselves.

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