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Base, Coinbase’s Ethereum layer-2 network, is close to launching tokenized stocks fully backed by real securities. Base creator Jesse Pollak announced the plans.
In a post on X, he said Robinhood Chain had already implemented tokenized stocks properly in an Ethereum Virtual Machine-compatible environment, while Base was still behind in this area.
When Garrett Skrovina, head of fintech at Lazer Technologies, asked about the launch timeline, Pollak said the release was imminent. According to him, the team is completing the final legal and technical formalities.
The launch will form part of a broader shift in Base’s strategy. The network previously focused on social apps, creator services, content and messaging, but Pollak later acknowledged that this was the wrong bet.
Base is now concentrating on financial products. Its priority areas include trading, payments, AI agents and tokenized assets.
Robinhood has already launched a similar product
Robinhood moved ahead of Base by launching Robinhood Chain on a public mainnet. The Ethereum-compatible layer-2 network is built on Arbitrum and focuses on tokenized real-world assets. It supports tokens linked to stocks of major companies, including Apple, Nvidia and Google. Robinhood expects such assets eventually to be used not only for trading but also in decentralized finance applications.
Before launching its own network, the company began offering tokenized U.S. stocks and exchange-traded funds to European customers. These instruments provide extended trading hours and blockchain-based market access, although they are not fully equivalent to traditional stocks. For example, holders may receive dividends but generally do not have voting rights. Robinhood Stock Tokens are not currently available in the U.S.
Base previously began testing a new standard for stablecoins.
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