Ethereum

Robinhood

Base

Base is close to launching 1:1-backed tokenized equities, according to Jesse Pollak, creator of Coinbase’s Ethereum layer-2 network.
Pollak <a href="https://x.com/jessepollak/status/2079393414706319780" rel="noopener noreferrer nofollow">said</a> in a Tuesday X post that Robinhood Chain, the <a href="https://cointelegraph.com/news/robinhood-public-blockchain-mainnet-launch" rel="noopener noreferrer nofollow">recently launched Ethereum layer 2</a>, had gotten tokenized equities in an EVM environment right, adding that Base was behind on that front.
Lazer Technologies head of fintech Garrett Skrovina asked about the timeline for launching 1:1-backed equities on Base, to which Pollak replied: “Imminent — dotting i’s and crossing t’s, but should be very soon.”
The launch comes as Base accelerates its pivot toward financial applications from its earlier focus on social products.
Pollak recently said Base made a “wrong bet” by <a href="https://cointelegraph.com/news/bases-social-bet-left-it-trailing-in-prediction-markets-and-perps-pollak" rel="noopener noreferrer nofollow">prioritizing creator, content and messaging apps</a>.&nbsp;The network is now focused on trading, payments, AI agents and tokenized assets.
Related: <a href="https://cointelegraph.com/news/bernstein-raises-robinhood-price-target-cites-tokenization-and-prediction-markets" rel="noopener noreferrer nofollow">Bernstein raises Robinhood price target, cites tokenization and prediction markets</a>

Base’s 1:1-backed tokenized equities launch ‘imminent,’ Pollak says

Cointelegraph

Other articles published on Jul 21, 2026

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