#Base
29 articles tagged #Base — curated RWA tokenization coverage.
Base to launch 1:1-backed tokenized US equities soon, says lead developer
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.
Coinbase (COIN) Stock Jumps Over 11% on CLARITY Act Momentum and Tokenized Equity Launch
Coinbase shares rallied over 12% following positive momentum for the Digital Asset Market Clarity Act and the announcement of upcoming tokenized equity products on the Base blockchain. The CLARITY Act, currently advancing toward a Senate vote, aims to establish a comprehensive federal regulatory framework for digital assets that aligns with Coinbase's existing operational model. Simultaneously, Coinbase is preparing to launch fully-backed tokenized equity products on its Base Layer 2 network, positioning the firm to compete directly with Robinhood in the rapidly growing tokenized securities market. This sector has seen a fourfold increase in value over the past year, now reaching $1.7 billion in total assets. The strategic shift into tokenized equities represents a significant effort by Coinbase to diversify its revenue streams beyond traditional cryptocurrency trading. Investors are closely monitoring these developments ahead of the company's Q2 2026 earnings report scheduled for July 30. While the stock remains well below its 52-week high, the combination of potential regulatory clarity and new product offerings has bolstered market sentiment.
Morpho launches fixed-rate lending protocol Midnight on Base to expand onchain credit markets
Morpho has officially launched Midnight, a new fixed-rate and fixed-term lending protocol deployed on the Base blockchain. This expansion complements the existing Morpho protocol, which primarily focuses on variable-rate lending markets. By introducing fixed-rate capabilities, Morpho aims to provide users with greater predictability in their borrowing and lending activities, which is a critical requirement for institutional and sophisticated retail participants. The protocol leverages the efficiency of the Base network to facilitate on-chain credit markets with reduced friction. This development marks a significant step in the maturation of decentralized finance, as it bridges the gap between traditional fixed-income products and blockchain-based liquidity. The integration of fixed-rate mechanisms is expected to attract a broader range of capital providers who prioritize risk management and yield certainty. Ultimately, this launch underscores the ongoing trend of building robust, specialized financial infrastructure on high-performance layer-2 networks to support complex credit operations.
Base, Coinbase near 1:1 tokenized stocks as Robinhood leads
Base founder Jesse Pollak confirmed that the Ethereum layer-2 network is collaborating with Coinbase to develop a tokenized equities product featuring 1:1 backing by underlying shares. This initiative aims to provide users with direct equity ownership, including dividend payments and shareholder rights, distinguishing it from derivative-based models. Pollak acknowledged that the recently launched Robinhood Chain has gained a competitive advantage by successfully deploying tokenized equities within an EVM-compatible environment. While Robinhood’s current offerings function as derivative contracts under MiFID II without direct share ownership, the proposed Coinbase model seeks to improve capital efficiency and institutional trust. The broader tokenized stock market currently holds a valuation of approximately $1.85 billion, with various platforms like Backpack and xStocks also entering the space. Despite the strategic focus, Coinbase and Base have yet to disclose specific launch dates, regulatory frameworks, or custody mechanisms for their upcoming product. This development highlights the intensifying competition among major crypto entities to capture the growing real-world asset market through onchain equity solutions.
Centrifuge tokenized assets deJAAA and deSPXA go live on HydrexFi with 75% APR incentives
HydrexFi, a liquidity hub on the Base blockchain, launched trading pairs for two decentralized Real World Asset (deRWA) tokens on July 14. The new pairs, deJAAA/USDC and deSPXA/USDC, provide DeFi users with direct exposure to AAA-rated collateralized loan obligations and the S&P 500 without requiring accredited investor status. These tokens are issued by Centrifuge and represent the Janus Henderson Anemoy AAA CLO Fund and the Janus Henderson Anemoy S&P 500 Index Fund. To bootstrap liquidity for these new assets, HydrexFi is offering incentives exceeding 75% APR to liquidity providers. The integration of these tokens into lending protocols like Morpho highlights the growing trend of using tokenized RWAs as collateral for structured DeFi products. This development is significant for the RWA market as it demonstrates the increasing composability of traditional financial assets within decentralized ecosystems. By leveraging Base for lower transaction costs while maintaining Ethereum-level security, these tokens bridge the gap between institutional-grade financial products and permissionless DeFi infrastructure.
Centrifuge enables deSPXA holders to borrow against S&P 500 exposure on Morpho
Centrifuge has integrated its deSPXA token, a licensed version of the Janus Henderson Anemoy S&P 500 Index Fund, into Morpho’s lending markets on the Base blockchain. This development allows non-US holders to use their S&P 500 equity exposure as collateral to borrow USDC at a 77% loan-to-value ratio without needing a traditional broker or margin account. As the first S&P Dow Jones Indices-licensed equity fund in DeFi, deSPXA offers a regulated alternative to synthetic equity products. The integration enables users to maintain equity upside while unlocking liquidity, though it introduces risks including liquidation, smart contract vulnerabilities, and oracle dependencies. With a current market capitalization of approximately $3.2 million and 4,238 tokens in circulation, the product remains in an early growth phase. This move aligns with Centrifuge’s broader strategy to incorporate real-world assets as productive collateral within decentralized finance. While the 77% LTV ratio provides significant leverage, it requires active position management to mitigate the impact of potential market drawdowns. Ultimately, this integration marks a significant step in bridging traditional equity markets with on-chain lending protocols.
Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane
Circle has officially launched its native EURC stablecoin on the Base blockchain, marking a strategic expansion for the euro-denominated asset. This deployment provides Base users with a native alternative to bridged or wrapped assets, reducing friction for payments, DeFi, and trading activities. The move aligns with Circle’s broader strategy to position itself as a leader in MiCA-compliant stablecoin issuance within the European market. By integrating with Base, a rapidly growing Ethereum layer-2 network, Circle aims to capture increased demand for regulated on-chain euro liquidity. This development is significant as it reflects the broader trend of stablecoin issuers prioritizing regulatory compliance to gain market share in a tightening global environment. For the RWA market, the availability of native, regulated stablecoins on major L2s is essential for building robust settlement layers for on-chain finance. Ultimately, this launch serves as a key data point in the evolution of regionalized, compliant stablecoin infrastructure.
Tokenized Deposits: What Are They And How Are They Different to Stablecoins? - Arkham
Tokenized deposits represent a transformative shift in banking, where regulated institutions issue digital tokens representing existing deposit liabilities on distributed ledgers. Unlike stablecoins, which rely on reserve pools held by non-bank entities, tokenized deposits remain on the bank's balance sheet, maintaining standard regulatory protections and deposit insurance. This infrastructure allows for real-time, 24/7 settlement and the embedding of conditional logic, significantly improving treasury management for multinational corporations. Major institutions are actively deploying these solutions, with JPMorgan's Kinexys platform processing over $7 billion in daily volume and HSBC expanding its cross-border services across Hong Kong, Singapore, the UK, and Luxembourg. In November 2025, JPMorgan launched its JPMD token on the Base network, while BNY and Goldman Sachs have also advanced their own digital asset platforms. These developments highlight a transition from experimental blockchain use cases to core banking infrastructure that modernizes legacy payment rails. By keeping assets within the conventional banking framework, tokenized deposits offer a compliant path for institutional liquidity management that avoids the risks associated with bearer-asset stablecoins.
Spiko links EU regulated T
Spiko has integrated Coinbase Payments into its EU-regulated UCITS Treasury funds, enabling investors to subscribe and redeem using USDC and EURC stablecoins. This integration utilizes Coinbase’s infrastructure to settle transactions on the Base layer-2 network, marking the first time UCITS funds have accepted direct stablecoin payments. By leveraging stablecoins, Spiko aims to remove traditional settlement bottlenecks, allowing for 24/7 subscription submissions and rapid redemption delivery. While the underlying fund operations remain unchanged, the move highlights a growing trend of using stablecoins as efficient settlement infrastructure for regulated financial products. This development arrives as the European UCITS market experiences record-breaking net sales, reaching 828 billion euros in 2025. The integration bridges the gap between onchain capital and traditional investment vehicles, providing a more seamless experience for institutional and eligible investors. This shift underscores the increasing utility of stablecoins in modernizing the payment rails for global mutual funds.
Equipment finance platform Trad.Fi to bring $650M in private credit onchain
Trad.Fi has announced a strategic initiative to bring up to $650 million in equipment-finance private credit onchain over the next 48 months. This project targets the trillion-dollar US equipment finance market, which currently suffers from inefficiencies due to heavy reliance on manual paperwork. By leveraging blockchain technology, Trad.Fi aims to reduce credit approval timelines from weeks or months to a single business day. The pipeline is supported by committed senior credit facilities and signed Letters of Intent, with $85 million in term sheets already secured and $40 million nearing closure. Infrastructure provider W3 will facilitate the tokenization of these loans across the Base, Arc, and Avalanche blockchains, while legal documentation remains offchain. An upcoming third-party operated investment pool will provide exposure to these originated loans, though US investors are excluded from the initial phase. This move represents a significant effort to digitize a major, underserved credit sector, potentially expanding the $1.2 billion tokenized corporate credit market.
Tokenized Stocks With Dividends: Why Coinbase’s On-Chain Shares Plan Matters for DeFi
The potential issuance of tokenized Coinbase shares represents a significant evolution in the RWA market by bridging traditional equity rights with decentralized finance infrastructure. By utilizing blockchain-based ledgers and registered transfer agents, such a move would allow for the programmable, automated distribution of dividends directly to investor wallets, likely via stablecoins like USDC. Unlike previous synthetic or offshore "stock token" experiments that lacked legal substance, a Coinbase-led initiative would prioritize regulatory alignment, including KYC/AML compliance and secondary trading on registered Alternative Trading Systems. This approach mirrors the operational success of existing tokenized funds like BlackRock's BUIDL on Ethereum and Franklin Templeton's on-chain money fund on Polygon. For the DeFi ecosystem, this development could introduce a new class of compliant, yield-bearing collateral that functions within permissioned, identity-verified protocols. The integration of L2 networks like Base further enhances the feasibility of these distributions by reducing transaction costs and improving user experience. Ultimately, this shift signals a transition toward more efficient, transparent corporate actions on public networks, provided issuers maintain rigorous legal and technical standards.