Base developer says Coinbase plans 1:1 stock-linked token launch

Jesse Pollak, a developer at Coinbase’s Ethereum layer-two network Base, said on X that Coinbase and Base plan to launch tokens backed one-for-one by real-world stocks. Pollak said Robinhood Chain made a strong move by launching stock tokens in an EVM environment. While Base had lagged in the segment, Pollak said Coinbase and Base would address that. Pollak added that tokens linked one-for-one to real-world stocks would offer advantages in credibility, capital efficiency and institutional adoption.