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Base Protocol: To Partner with Coinbase to Launch 1:1 Backed Tokenized Stocks, Boosting On-Chain Stock Scalability
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BlockBeats News, July 21st, Base co-founder Jesse Pollak stated in a post that introducing tokenized stocks on the Robinhood Chain in an EVM environment was the right move, while Base regretted falling behind in this area.

Jesse Pollak said that Base is about to collaborate with Coinbase to address this issue and plans to launch tokenized stock products backed by a 1:1 stock asset. He mentioned that compared to Robinhood's derivative model, this solution will have better scalability in terms of trust, capital efficiency, and institutional acceptance.

Source: BlockBeats

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