Coinbase adds Chainlink to Base tokenized stocks; Bitwise launches AI-driven token portfolios

COIN has launched tokenized stocks natively on the Base blockchain for eligible non-US users, with Chainlink providing the price feeds that serve as the program's official oracle. The rollout covers four equities, AAPL, NVDA, META and GOOGL, issued as tokens backed 1:1 by shares held by Alpaca Securities, with Coinbase's Abu Dhabi entity acting as issuer.

Chainlink's 24/5 price feeds formalize the oracle relationship that underpins the tokens' use as on-chain collateral, and the launch continues a broader push by exchanges to bring tokenized equities onto Layer-2 infrastructure for 24/7 trading. Roughly 50 apps, including Aave, Morpho, Euler, Aerodrome, 0x, 1inch and Wasabi, already support the tokens, positioning them for use in DeFi lending and trading beyond simple buy-and-hold exposure.

On day one, the four tokens saw about $4.5 million minted and $3 million of DEX liquidity, with $10.8 million in 24-hour trading volume. The NVDA token led with 6,794.49 tokens outstanding and 1,745 holders; Aerodrome held the deepest pool of the four, with $957,307 in liquidity behind the NVDA token and between $619,000 and $669,000 behind each of the other three. Creation costs 1 basis point and redemption 5 basis points, and non-US holders face a 30% US withholding rate on dividends plus a 5% distribution fee on the gross payment before withholding. More broadly, the tokenized-stock market has grown to roughly $2.48 billion to $2.49 billion, up about 5.2% over the past month, with an estimated 2.1 million to 2.25 million holders and $27.28 billion in monthly transfer volume (figures vary slightly by source and snapshot timing).

A day later, on August 25, Bitwise, a separate company building on top of Coinbase's new infrastructure rather than part of the same announcement, introduced Automated Token Portfolios (ATPs) that use Coinbase's tokenized stocks with Glider handling automated rebalancing. Bitwise is offering three named models at launch: Mag7X (the Magnificent Seven plus SpaceX), Robotics, and AI Leaders, and charges a 0.15% methodology access fee. Unlike a pooled fund, the underlying tokens stay in each user's own non-custodial wallet rather than in Bitwise custody.

Both products remain unavailable to US persons pending regulatory clarity, and the SEC has not endorsed either offering. Market watchers will be tracking adoption of the Base tokens beyond the initial day-one volume, inflows into Bitwise's three ATP models, and whether competing efforts such as Dinari's US-accessible tokenized S&P 500 shares shift where liquidity concentrates.

Related Stocks

• COIN
• ORCL
• CME
• GOOGL
• NVDA
• META