BlockBeats News, June 17th, Base, the Layer 2 network under Coinbase, officially announced the upcoming major upgrade named Beryl, with the key highlight being the introduction of the Base native token standard B20, aiming to provide a more robust infrastructure for on-chain asset tokenization.

The B20 standard mainly brings three improvements: faster settlement speed, lower transaction costs, and a structured settlement mechanism. Base stated that the above upgrades will allow global financial assets to operate on the Base chain in the form of "programmable capital," fully leveraging the transparency, composability, and liquidity advantages of on-chain infrastructure.

Base emphasized its positioning as a neutral open-source blockchain infrastructure, where related products and features 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.