Coinbase and its layer-2 network, Base, are developing a tokenized equities product.
Each token will be backed 1:1 by underlying shares.
Base founder Jesse Pollak announced the initiative as a strategic expansion into real-world asset tokenization.
Pollak acknowledged that competitor Robinhood reached the EVM market faster with similar offerings.
The project aims to deliver superior trust, capital efficiency, and institutional acceptance compared to current models.
While no specific launch date or stock list was provided, Pollak indicated the product is near completion.