Base co-founder: Will collaborate with Coinbase to launch 1:1 backed tokenized stocks, enhancing on-chain stock scalability

Odaily reported that Base co-founder Jesse Pollak stated that Robinhood Chain's introduction of tokenized stocks in an EVM environment was one of the things it did right, and he expressed regret that Base had previously lagged behind in this area.

Jesse Pollak said that Base is about to cooperate with Coinbase to address this issue and plans to launch a tokenized stock product backed by 1:1 stock assets. He noted that compared to the derivative model offered by Robinhood, this solution will have better scalability in terms of trust, capital efficiency, and institutional acceptance.

Jesse Pollak stated that combining the world's largest capital market with EVM financial programmability on Base will form a powerful financial infrastructure.