Base, the Layer 2 network, is preparing to introduce tokenized stocks that will be backed 1:1. This initiative was revealed by Jesse Pollak, the creator of Base, on July 21. This development follows Pollak's recent shift from focusing on social products to a broader scope that includes trading, payments, and AI agents, which he announced on July 15.
Pollak admitted that Base is currently behind Robinhood Chain in offering tokenized stocks within the Ethereum Virtual Machine (EVM) ecosystem. However, he indicated that efforts are underway to address this gap in partnership with Coinbase. He emphasized that the launch of these 1:1 backed tokenized stocks is "inevitable."
