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Base founder: Base will collaborate with Coinbase to launch 1:1 asset-backed tokenized stocks

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PANews July 21 news: Base founder Jesse Pollak posted on X, saying Robinhood Chain’s approach of offering tokenized stocks in an EVM environment is correct, and that Base is behind in this regard. He said he feels frustrated, but stated that Base is working with Coinbase to address the issue. Once completed, Base will provide 1:1 asset-backed stock tokens (as opposed to Robinhood’s derivative model), which will be more advantageous in terms of trust, capital efficiency, and institutional adoption. He believes that combining the world’s largest capital market with the programmability of Base’s upgraded EVM will create a powerful pairing.
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