Chainlink News: LINK Gains as Coinbase Expands Tokenized Stocks
Chainlink News: NUVA Picks LINK for RWA Data Infrastructure
Today's Chainlink news covers three separate developments landing within days of each other: Coinbase launched tokenized US stock trading on Base using Chainlink's price oracles, real-world asset marketplace NUVA named Chainlink its exclusive data infrastructure provider, and Grayscale's Chainlink Trust continued accumulating LINK at a notable pace.
Coinbase Launches Tokenized Stocks on Base
Coinbase confirmed its tokenized stock trading product is now live on Base, its Ethereum layer-2 network, available to eligible users outside the United States. Key details:
Assets available at launch: tokenized shares of major US companies including Nvidia, Apple, Meta, and Alphabet, with Coinbase and Base stating more names are coming in the weeks ahead
Token structure: issued as B20 tokens, each backed 1:1 by an underlying share
Custody: shares held by Alpaca, a regulated broker and custodian operating under the Abu Dhabi Global Market regulatory framework
Trading access: 24/7, with tokens usable in self-custody wallets rather than locked to Coinbase's own platform
Chainlink confirmed Coinbase selected its oracles as the official price infrastructure for the product. Per Chainlink's own documentation, each tokenized stock's price is calculated by applying a Coinbase-provided multiplier to the underlying share price, which accounts for dividends and corporate actions. That pricing structure is what lets the tokens function inside DeFi — Base has specifically cited using tokenized Nvidia shares as collateral on Aave and supplying tokenized Apple shares to decentralized exchanges as early use cases.
The launch adds to a growing tokenized equities market. Per available on-chain data, total tokenized stock value stands at roughly $2.48 billion, up 5.2% over the past 30 days, with monthly transfer volume of $27.28 billion and more than 2.1 million holders across the category.
NUVA Names Chainlink Exclusive RWA Infrastructure
Separately, NUVA — a decentralized marketplace built by Animoca Brands alongside Nuva Labs and ProvLabs — named Chainlink its exclusive data infrastructure provider. NUVA connects tokenized real-world assets to DeFi markets, with its underlying asset base built on Figure Technologies' Provenance Blockchain, valued at roughly $19 billion.
NUVA launched on Ethereum in May 2026
Its first product, nvYLDS, is a yield vault tied to the SEC-registered YLDS stablecoin
Chainlink's oracle network supplies the pricing data DeFi protocols need to value collateral like housing-related loan portfolios — assets that don't have continuous market prices the way crypto assets do
Without this data layer, smart contracts managing these positions would have no reliable way to price collateral or manage lending parameters
This follows a broader pattern across 2026 of LINK becoming the default oracle choice for RWA-focused platforms specifically because blockchain-based housing credit, private funds, and similar instruments need external valuation data that crypto-native price feeds alone can't provide.
Grayscale Keeps Buying LINK
On-chain data shows Grayscale's Chainlink Trust purchased an additional 443,153 LINK worth approximately $5.15 million, just two days after buying 132,947 LINK ($1.54 million). Per the same tracked wallet activity, Grayscale has accumulated a total of 886,396 LINK over the past month alone.
Institutional accumulation at this pace is generally read as a signal of sustained demand rather than a single opportunistic trade, particularly given the purchases are spread across multiple separate transactions rather than one lump sum.
LINK Price and the Reserve Today
LINK trades at $11.77, up 24.96% over the past 7 days, per CoinMarketCap. Other current metrics:
Metric | Value |
Market cap | $8 billion, up 2.49% |
24-hour volume | $544.6 million, down 9.74% |
Fully diluted valuation | $11.73 billion |
Circulating supply | 748.09 million LINK |
Total and max supply | 1 billion LINK |
Separately, the official Chainlink Reserve — the treasury funds through consistent weekly LINK purchases — now stands at approximately $64.5 million, following LINK's roughly 40% price climb over the past month. The oracle network has stated its steady weekly buying pattern, not just the price move itself, is the main driver behind the Reserve's growth.
Conclusion
Today's Chainlink news shows the network's oracle infrastructure extending into two very different institutional use cases at once — a major consumer exchange's blockchain-based equities product and a housing-credit RWA marketplace — while a major institutional holder continues adding to its position and the token itself posts a strong monthly gain. Together, these developments reinforce Chainlink's positioning as the default information layer for blockchain-based real-world assets, spanning both consumer-facing and institutional-only platforms.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Details are based on official statements from Chainlink, Coinbase, Base, and NUVA, alongside publicly available on-chain and market data, current as of August 25, 2026. Institutional purchase figures and price data are subject to change. Cryptocurrency markets are volatile. Always conduct independent research before making any investment decision.
