Morpho launches stock-backed loans on Base for Coinbase stocks

Morpho: Morpho is an open credit network and decentralized lending protocol operating primarily on the Base blockchain. It provides infrastructure for permissionless markets where curators set parameters for collateral, rates, and compliance. In this news, Morpho has deployed stock-backed loan markets allowing users to lend and borrow against Coinbase tokenized stocks at variable or fixed rates. Coinbase: Coinbase is a major cryptocurrency exchange and infrastructure provider that has developed tokenized versions of U.S. stocks for onchain use. These assets are 1:1 backed by underlying equities and settle on Base via its Tokenize platform. The news highlights Coinbase tokenized stocks serving as new collateral in Morpho markets on Base. Asset Tokenization: Coinbase has enabled tokenized U.S. stocks with automatic dividend distribution and shareholder rights on the Base blockchain. Ecosystem Integration: Morpho powers Coinbase's existing onchain crypto-backed loan products, extending the same infrastructure to tokenized equities.