Base’s 1:1-backed tokenized equities launch ‘imminent,’ Pollak says

The Coinbase-backed Ethereum layer-2 is preparing to expand its financial offerings as it pivots away from its earlier social-first strategy.

Base is close to launching 1:1-backed tokenized equities, according to Jesse Pollak, creator of Coinbase’s Ethereum layer-2 network.

Pollak said in a Tuesday X post that Robinhood Chain, the recently launched Ethereum layer 2, had gotten tokenized equities in an EVM environment right, adding that Base was behind on that front.

Lazer Technologies head of fintech Garrett Skrovina asked about the timeline for launching 1:1-backed equities on Base, to which Pollak replied: “Imminent — dotting i’s and crossing t’s, but should be very soon.”

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