Aave v4 on Base draws $4.7 million in Coinbase tokenized stock deposits

Wall Street’s favorite tech names are quietly becoming DeFi collateral. Aave v4 on Base now holds $4.7 million in Coinbase-issued tokenized stocks, and that figure doubled over the past week. Half of those deposits sit in just two names: Meta and Nvidia. Even onchain, the market can’t stop chasing AI-adjacent megacaps. What’s actually happening on Aave’s Equities Hub Aave V4 launched a dedicated Equities Hub on Base, Coinbase’s Ethereum layer-2 network, on September 25, 2026. Eligible users outside the US can deposit tokenized versions of major stocks and borrow USDC against them. Seven stocks are supported at launch, all issued by Coinbase with a “c” suffix: Apple (AAPLc) Amazon (AMZNc) Alphabet (GOOGLc) Meta (METAc) Microsoft (MSFTc) Nvidia (NVDAc) Tesla (TSLAc) Users can mix and match these tokens as collateral. Someone holding a little Apple and a little Tesla can stack both into a single position rather than picking one. The hub runs as an isolated market. For now, USDC is the only asset available to borrow. Whatever happens in this corner of Aave is meant to stay in this corner of Aave, walled off from the protocol’s broader lending pools. The guardrails: collateral factors a...