Base Partners with Coinbase to Launch 1:1 Backed Tokenized Stocks

Base co-founder Jesse Pollak announced a collaboration with Coinbase to launch a tokenized stock product backed by 1:1 stock assets, aimed at enhancing the scalability of on-chain stocks. Pollak noted that Robinhood Chain's introduction of tokenized stocks in the EVM environment has been a success, while Base's lag in this area is regrettable. The new solution is expected to outperform Robinhood's derivatives model in terms of trust, capital efficiency, and institutional acceptance. Pollak believes that the combination of the world's largest capital markets with the financial programmability on Base's EVM will create a powerful financial infrastructure.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.