Base has set its sights on the tokenized stock market: a new development vector for the L2 network
The Layer 2 network Base is preparing to launch tokenized stocks with full 1:1 backing. This statement was made by Base creator Jesse Pollak on July 21, expanding on the previously announced strategy on July 15 to transition from social products to trading, payments, and AI agents.
Pollak acknowledged that Base currently lags behind Robinhood Chain in the tokenized asset segment within the EVM environment. However, according to him, the team is close to rectifying this situation by working closely with Coinbase. He described the launch of tokenized stocks with 1:1 reserves as "imminent."
Analytical Perspective
This move marks a fundamental shift in Base's positioning. While the network previously focused on social applications, the emphasis is now shifting toward DeFi and real-world assets (RWA). Tokenized stocks are not just another product but a bridge between traditional finance and DeFi, which could attract institutional capital. In my view, the integration with Coinbase gives Base a unique advantage: access to a massive user base and liquidity, which is critical for the liquidity of such assets. However, success will depend on the speed of adoption and regulatory clarity, especially in the United States.