Base’s 1:1-backed tokenized equities launch ‘imminent,’ Pollak says
Cointelegraph 2026-07-21 07:06:12
Context: Coinbase-backed Ethereum layer-2 Base is set to expand its financial offerings with the launch of tokenized equities, marking a shift away from its earlier social-first strategy. The move is expected to be implemented imminently, according to a statement from a representative. Details about the launch timeline and specifics of the tokenized equities offering are not provided.
Key Facts
- Base, an Ethereum layer-2 solution backed by Coinbase, is preparing to launch tokenized equities that are 1:1-backed, indicating a direct correlation between the tokenized assets and traditional equities.
- The launch of tokenized equities by Base signifies a strategic pivot away from its earlier focus on social applications, towards a broader range of financial offerings.
- The imminent launch of tokenized equities by Base was announced by Pollak, although specific details such as the launch date, available equities, and trading mechanisms remain undisclosed.