Morpho launches stock-backed loans on Base, letting users borrow against tokenized Coinbase stocks

Morpho just turned your stock portfolio into DeFi collateral. The lending protocol has gone live with stock-backed loans on Base, allowing users to lend and borrow against Coinbase-issued tokenized stocks. Take your tokenized Nvidia, Apple, Meta, or Alphabet shares and use them to unlock liquidity without selling. The service launched on September 18, supporting both variable and fixed lending rates. Independent curators manage market parameters and compliance controls, while Morpho provides the underlying protocol infrastructure. How tokenized stocks became DeFi collateral Coinbase rolled out tokenized stocks on Base around August 24, structured as B20-standard tokens. Each token represents a 1:1 claim on actual shares held in custody, which separates these from synthetic assets or price-tracking tokens. The supported equities are NVDAc, METAc, AAPLc, and GOOGLc. Morpho’s relationship with Coinbase on Base isn’t new. The two first partnered back in January 2025, when Bitcoin-backed USDC loans debuted on the network. The compliance question US persons and users in other restricted jurisdictions are excluded from this launch. Rather than Morpho itself setting risk parameters and com...