Morpho launches stock-backed lending product using Coinbase tokenized stocks on Base chain.
DeFi & Yields ·
Morpho has launched a stock-backed lending product that integrates Coinbase's tokenized stocks on the Base chain. The offering allows users to access credit markets using equity tokens as collateral, expanding the types of assets supported within Morpho's modular lending infrastructure.
The product leverages Morpho Blue's core architecture of isolated, permissionless credit markets. By combining Coinbase-issued tokenized equities with Morpho's market isolation design, the protocol enables new collateral options while maintaining separate risk parameters for each market pair. This approach isolates the risk of stock-backed positions from other lending markets on the platform.
The exact scope of which stocks are available, the loan-to-value ratios offered, and whether this is a beta or production release remain unclear from available information. Morpho's announcement details have not been fully disclosed.