Aave’s tokenized stock market is pulling in new users on Base

Aave has found a new way to recruit borrowers: let them post big-name tech stocks as collateral. Three out of every four borrowers using tokenized Magnificent 7 shares on Aave’s Base deployment are new to Aave on that network. How the Equities Hub works Aave launched its Equities Hub on September 25, 2026, as part of its V4 rollout on Base. Base is the Ethereum layer-2 network incubated by Coinbase. Eligible users outside the US can deposit tokenized shares of the Magnificent 7 companies and borrow USDC against them. The design is deliberately narrow. The tokenized equities can only be used as collateral, so nobody can borrow them. Cross-collateral borrowing between the stocks is switched off, meaning you cannot post one tokenized share to borrow another. The hub operates as an isolated pool, and at launch USDC was the only asset available to borrow. The numbers so far As of October 18, 2026, users had deposited $9.57 million worth of tokenized Mag7 supply into the hub. That figure represents 35.6% of the total tokenized supply of those shares, which stands at $26.9 million in total. Against that collateral, borrowers have taken out $4.08 million in USDC. The number of borrowing wa...