Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
AAVE AAVE 因 Coinbase 推出代币化股票借贷功能而上涨逾 7%
随着 Coinbase 在 Aave 上推出代币化股票借贷服务，AAVE 价格涨幅超过 7%。用户可以使用代币化的苹果、特斯拉、英伟达等公司股票作为抵押品来借入 USDC。这一新推出的 Base 市场进一步推动了现实世界资产（RWA）在去中心化金融领域的应用。
Aave（AAVE）近期因大规模拓展至代币化股票领域而重新受到市场关注。此次新功能允许符合条件的用户以领先科技公司的代币化股份为抵押借入 USDC。公告发布后市场需求迅速响应，帮助 AAVE 在最近几个交易时段中实现了超过 7% 的涨幅。这一发展不仅为股东提供了在不卖出持仓的情况下获取流动性的新途径，也使其继续保持对市场的敞口。对于许多观察者而言，此举凸显了传统金融与去中心化借贷之间日益紧密的联系。
Aave 开启代币化股票借贷之门
Aave 的新“股权中心”（Equities Hub）基于 Base 网络运行，并采用 Aave V4 框架。该平台接受与苹果、亚马逊、Alphabet、Meta、微软、英伟达和特斯拉等公司挂钩的代币化股份。用户可以将这些由股票支持的代币存入作为抵押品，从而在不出售持仓的情况下借入 USDC。这种方式使投资者能够获取现金流动性，同时维持对底层股票的 exposure。
In this structure, Coinbase Onchain SPV Ltd. is responsible for issuing tokenized shares, while Alpaca Securities holds the actual share of shares in a segregated escrow account. This architecture connects digital tokens with real equity ownership. The lending market follows strict rules: users can only borrow USDC, and stock tokens themselves cannot be lent; a single stock position cannot be used to support borrowing of other stock tokens. Borrowing limits vary by company: Microsoft's maximum limit is 79%, Meta and Tesla are 65%, and Apple, Alphabet, Amazon and Nvidia are within this range.
Aave also introduced a risk control mechanism. The market has a USDC supply cap of US$32 million and borrowing limits are limited to US$21 million. LlamaRisk has set a comprehensive cap on stock collateral of approximately $29 million. Chainlink provides price data on tokenized stocks, and their price_feed_follows the traditional market schedule of 24 hours a day, 5 days a week. During weekends and holidays, prices will be locked to the last updated data. Although prices are fixed, the lending system remains active around the clock.
Expansion signals show growing interest in real-world assets
These tokenized stock products are mainly aimed at qualified users outside the United States. Coinbase provides access through an entity based in Abu Dhabi. Antonio García-Martínez, head of growth at Base, said eligible users can borrow USDC with equity-backed tokens, while other participants can provide USDC liquidity and earn interest.
Aave Labs CEO Stani Kulechov highlighted the shift in this use: tokenized stocks no longer exist just as tradable assets, and holders can now unlock the liquidity of their positions through decentralized finance. Currently, Base deployment still needs to await final governance approval. This process requires offline Snapshot voting first, followed by online community voting.
Coinbase launched a tokenized stock service on Base earlier this year. The first batch of four assets was launched in August, and it quickly expanded to ten tokens in September. At the same time, Aave is continuing to deeply expand its real-world asset lending business. A separate initiative on its Avalanche network is designed to serve institutional borrowers, a market that will allow users to borrow Tether's USA stablecoins using tokenized real-world assets as collateral.
