Base’s 1:1-backed tokenized equities launch ‘imminent,’ Pollak says
Base is near launching 1:1-backed tokenized equities, in line with Jesse Pollak, creator of Coinbase’s Ethereum layer-2 community.
Pollak mentioned in a Tuesday X put up that Robinhood Chain, the not too long ago launched Ethereum layer 2, had gotten tokenized equities in an EVM setting proper, including that Base was behind on that entrance.
Lazer Applied sciences head of fintech Garrett Skrovina requested in regards to the timeline for launching 1:1-backed equities on Base, to which Pollak replied: “Imminent — dotting i’s and crossing t’s, however needs to be very quickly.”
The launch comes as Base accelerates its pivot towards monetary purposes from its earlier deal with social merchandise.
Pollak not too long ago mentioned Base made a “improper guess” by prioritizing creator, content material and messaging apps. The community is now targeted on buying and selling, funds, AI brokers and tokenized belongings.
