The Layer 2 network Base is gearing up to launch tokenized stocks backed 1:1. This announcement was made by Base creator Jesse Pollak on July 21, following his pivot from social products to trading, payments, and AI agents announced on July 15.
Pollak acknowledged that Base is lagging behind Robinhood Chain in terms of tokenized stocks within the EVM ecosystem. He stated that the team is close to rectifying this situation in collaboration with Coinbase. He described the launch of 1:1 backed tokenized stocks as "inevitable."