Aave Equities Hub Brings Tokenized Stocks to USDC Loans Amid Morpho Debate

Aave V4 Equities Hub launched on Base around September 25 2026 and lets eligible non-US users post Coinbase tokenized stocks as collateral for USDC loans.

Editorial illustration for Aave Equities Hub Brings Tokenized Stocks to USDC Loans Amid Morpho Debate

Summary

Aave V4 Equities Hub launched on Base around September 25 2026 and lets eligible non-US users post Coinbase tokenized stocks as collateral for USDC loans.
Seven US tech stocks including AAPLc and NVDAc now serve as collateral in DeFi lending without requiring users to sell their positions.
Chainlink supplies the price feeds while access stays limited to non-US users due to regulatory rules.

Aave launched the V4 Equities Hub on Base around September 25 2026. Eligible non-US users now deposit Coinbase tokenized stocks such as AAPLc and NVDAc as collateral to borrow USDC. The rollout marks the first integration of tokenized equities into Aave V4 markets on that chain.

The launch coincides with ongoing discussion between Aave and Morpho teams over definitions of non-custodial vaults in DeFi lending.

Context

Tokenized stocks from Coinbase give holders exposure to equities like Apple, Nvidia and Amazon while keeping assets on-chain. Investors no longer need to sell shares to access cash. Aave V4 accepts the tokenized versions directly as loan collateral.

This development sits inside broader competition in DeFi lending.

Aave V4 and Morpho V2 both expand credit markets. They differ on how vaults should operate under ERC-4626 standards. The Equities Hub arrives at a moment when custody and collateral rules face fresh scrutiny.

Details

Seven Coinbase tokenized stocks trade on Aave V4 on Base. They are AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc and one additional name. Users borrow USDC against these assets without exiting their equity positions.

"Coinbase Tokenized Stocks are live on Aave V4 on Base."

, Aave Blog (https://aave.com/blog/coinbase-tokenized-stocks)

Chainlink oracles deliver the price data. The integration keeps the market fully on-chain and transparent. Only non-US users qualify because of regulatory considerations around equity exposure.

A single bullet list shows the supported assets: