Aave V4 on Base draws $871K in tokenized SpaceX shares

Deposits of Coinbase-issued SPCXc into Aave's Equities Hub jumped 1,602% since October 31 as users post SpaceX exposure as collateral for USDC loans Tokenized SpaceX shares are now working as loan collateral. Deposits of Coinbase -issued SpaceX tokens into Aave V4 on Base reached approximately $871,000 by November 5, 2026. That figure is up 1,602% since October 31. In about a week, a small experiment became a measurable pile of collateral. The token is called SPCXc. It is a certificate that reflects SpaceX Class A common stock. Here, the counter belongs to Alpaca Securities LLC. The underlying shares are held in segregated custody, meaning they are kept separate rather than pooled with other assets. Coinbase issues SPCXc under its B20 standard.

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