Morpho Launches Stock-Backed Lending on Base as Pollak Amplifies

Stock-backed loans from @Morpho are live on base, allowing users to lend and borrow against coinbase tokenized stocks at both variable and fixed rates. jessepollak, who leads Base, amplified the launch on Sept. 18, 2026, pointing his audience to the new markets.

The product lets holders of tokenized equities use that exposure as onchain collateral rather than selling it, while lenders on the other side of the market can earn yield against those positions. Morpho offers both variable-rate and fixed-rate borrowing, a structure the protocol has used to expand beyond crypto-native collateral.

Morpho's growing footprint on Base

Morpho is a decentralized lending protocol that already underpins Coinbase Lend on Base.

The broader Base credit market has expanded alongside it.

The stock-backed launch extends that base into tokenized real-world assets, a category Pollak has repeatedly flagged as a growth area for the network.

What to watch

The immediate question is whether tokenized equity collateral attracts borrowing demand at scale, and whether additional Coinbase-issued tokenized stocks are added to the market. Morpho has not disclosed collateral ratios or which tickers are supported beyond the Coinbase tokenized stock set.