# Aave Says Citi Research Sees It as Tokenized-Market Collateral Protocol By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/35431 Published: 2026-10-20T07:52:20.000Z Updated: 2026-10-20T07:52:20.000Z Section: Technology > The protocol accepts Coinbase tokenized U.S. shares as collateral for USDC loans in a Base market restricted to eligible users outside the United States. Aave said Citi research identifies the decentralized lending protocol as a potential collateral mobility protocol for tokenized capital markets. The description connects Aave with institutional interest in using tokenized assets in financial markets, though it does not detail the research’s analysis. Users can deposit assets into Aave and use them to back crypto loans. Its [tokenized-share lending market on Base]() accepts Coinbase tokenized U.S. shares as collateral for USDC loans. Access is limited to eligible users outside the United States. Earlier work involving Citi, the Depository Trust & Clearing Corporation (DTCC) and Swift linked collateral mobility and liquidity management with interoperability across financial systems. That work also identified legal certainty, investor protection, operational resilience and governance as foundations for institutional digital markets. [The earlier discussion of interoperability and tokenization]() provides context for Aave’s potential role in tokenized markets. ## Links in this article - [tokenized-share lending market on Base](https://www.tokenpost.com/news/business/24305) - [The earlier discussion of interoperability and tokenization](https://www.tokenpost.com/news/business/25889)