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Base nears launch of fully collateralised 1-to-1 tokenised stocks

Coinbase’s Ethereum layer-2 network Base is close to launching 1-to-1 collateral-backed tokenised stocks, Jesse Pollak said on X. Pollak said Robinhood Chain, an Ethereum layer-2 launched recently, properly implemented tokenised stocks in an Ethereum Virtual Machine environment, and he acknowledged Base had fallen behind in the area. Pollak told Garrett Scroggin he was finalising details and would launch very soon. Base is shifting from a social-focused strategy to financial applications.