SPACEX TOKENIZED shares may become collateral in AAVE.
The Aave administration is considering something that would have sounded unusual even a year ago.
TOKENIZED SPACEX Shares as DeFi collateral.
The proposal will add SPCXc to the Aave V4 stock center in BASE.
SPCXc is a native token-based representation of SpaceX's equity distributed through Coinbase's tokenization infrastructure.
If approved, users will be able to deposit SPCXc as collateral and borrow USDC against it.
The token itself will not be available for borrowing.
Risk assessors treat it more conservatively than larger public stocks.
The current recommendation includes a 55% collateral factor and an initial supply quota of approximately 37,000 SPCXc, valued at approximately $5.8 million at the time of evaluation.
Important: this is still a government proposal.
SPCXc is not yet active as Aave collateral.
But the direction is significant.
DeFi lending is moving beyond native crypto collateral.
Certain stocks and private market assets are starting to enter the same lending infrastructure as ETH and stablecoins.