Base Working With Coinbase on 1:1 Asset-Backed Tokenized Stocks: Jesse Pollak

Base creator Jesse Pollak said Robinhood Chain’s move to introduce tokenized stocks in an EVM-compatible environment is a step in the right direction. However, he noted that Base is pursuing a different approach in collaboration with Coinbase. 

According to Pollak, Base plans to launch tokenized stocks backed 1:1 by underlying shares rather than using Robinhood’s derivatives-based model. He added that although Base currently trails in this segment, development of the offering is already underway.

Source: Jesse Pollak (X Account)