07/22/2026
Base to Launch 1:1-Backed Tokenized Equities, Pivoting from Social Strategy
What happened: Base, the Ethereum layer-2 backed by Coinbase, is preparing to launch tokenized equities that are 1:1-backed.
What happened: Base, the Ethereum layer-2 backed by Coinbase, is preparing to launch tokenized equities that are 1:1-backed. This move comes as the platform shifts away from its earlier focus on social applications to expand its financial offerings.
Why it matters: The imminent launch could broaden access to traditional equities via blockchain, potentially attracting new users and capital. However, regulatory and custodial challenges remain unresolved for tokenized real-world assets, and the pivot reflects evolving priorities among layer-2 networks seeking sustainable growth.
Source: Cointelegraph