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Base announces the Beryl upgrade plan, launching the native token standard B20 to accelerate on-chain asset tokenization
BlockBeats News, June 17 — Coinbase's Layer 2 network Base officially announced that a major upgrade, Beryl, is coming soon. The core highlight is the introduction of the native token standard B20 for Base, aimed at providing more comprehensive infrastructure support for on-chain asset tokenization.
The B20 standard mainly brings three improvements: faster settlement speeds, lower transaction costs, and a structured settlement mechanism. Base stated that the above upgrades will enable global financial assets to operate on the Base chain in the form of "programmable capital," fully enjoying the transparency, composability, and liquidity advantages brought by on-chain infrastructure.
Base emphasizes its positioning as a neutral, open blockchain infrastructure, with related products and features that can be developed by Coinbase or third parties based on Base. Coinbase and Base themselves do not act as issuers, investment advisors, brokers, or underwriters for any third-party assets or transactions.