Base to Launch Tokenized Equities Soon, Pollak Confirms

Coinbase’s Ethereum layer-2 network Base is close to rolling out fully backed tokenized equities, according to Jesse Pollak, the network’s creator.

Pollak Signals Imminent Launch

In a Tuesday post on X, Pollak acknowledged that Robinhood Chain, a recently launched Ethereum layer-2 network, had gotten tokenized equities right within an EVM environment, adding that Base was currently behind on this front. When Lazer Technologies head of fintech Garrett Skrovina asked about the timeline for 1:1-backed equities on Base, Pollak responded that the launch was imminent, with the team finalizing final details before release.

Strategic Shift Toward Financial Products

The upcoming launch reflects a broader pivot underway at Base, which is moving away from its earlier emphasis on social-first applications toward financial infrastructure. Pollak recently admitted that Base made a wrong bet by prioritizing creator, content and messaging apps in its early development. The network is now concentrating its efforts on trading, payments, AI agents and tokenized assets, areas where competitors have moved faster.

What This Means for Base’s Roadmap

The move toward tokenized equities positions Base to compete more directly with other layer-2 networks pursuing similar real world asset offerings, as demand grows for blockchain based access to traditional financial instruments like stocks.