Base to launch 1:1-backed tokenized US equities soon, says lead developer
Stocks
Base, the Ethereum layer-2 network developed by Coinbase, is preparing to launch 1:1-backed tokenized U.S. equities. Lead developer Jesse Pollak confirmed that the initiative will allow users to access tokenized shares of major corporations like Apple and Tesla directly on-chain. These assets will be fully backed by regulated custody, featuring built-in mechanisms for transfer, redemption, and automatic dividend pass-through. This move represents a strategic expansion of real-world asset infrastructure within the Base ecosystem, aligning with broader industry trends toward regulated on-chain securities. The development follows the SEC’s recent approval of Nasdaq’s tokenized securities rule, which has provided a clearer regulatory pathway for such products. Market sentiment regarding Base’s potential future token launch has seen a slight uptick, with prediction markets adjusting the probability of a 2026 launch to 12.5%. By bridging traditional equity markets with blockchain efficiency, Base aims to solidify its position as a primary hub for institutional-grade RWA activity.
Key points
- ▸Base will launch 1:1-backed tokenized U.S. equities including Apple and Tesla shares.
- ▸Assets feature regulated custody, on-chain transfer rights, and automatic dividend pass-through.
- ▸Prediction markets increased the probability of a Base token launch by 2026 to 12.5%.
- ▸Initiative follows SEC approval of Nasdaq’s tokenized securities rule earlier this year.
Background
Base is an Ethereum layer-2 scaling solution built on the OP Stack, incubated by Coinbase to provide a low-cost, secure environment for decentralized applications. It leverages the security of the Ethereum mainnet while offering high throughput, making it a preferred destination for institutional projects seeking to integrate real-world assets into the DeFi ecosystem.
Relevance
7.5/10