Base announces collaboration with Coinbase to launch tokenized stocks directly backed by underlying shares, diverging from derivatives models.
Base, the Ethereum layer-2 network, is developing tokenized stocks backed 1:1 by underlying shares in partnership with Coinbase. The move follows Robinhood Chain’s launch of tokenized stocks in an EVM environment, which Base head Jesse Pollak called the right direction.
Unlike Robinhood’s derivatives-based model, Base’s product will mirror traditional equities directly. Pollak confirmed the plans in a post on X, noting Base was previously behind in this space but is now prioritizing the initiative.
The collaboration aims to integrate tokenized assets into Coinbase’s ecosystem, potentially expanding access to traditional securities via blockchain infrastructure.