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 the EVM environment was something it did right, and expressed regret that Base had lagged behind in this area.

Jesse Pollak stated that Base will soon collaborate with Coinbase to address this issue, planning to launch a tokenized stock product backed by 1:1 stock assets. He said that compared to the derivatives model offered by Robinhood, this solution will offer better scalability in terms of trust, capital efficiency, and institutional adoption.

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