In response to Jesse Pollack, creator of Coinbase’s Ethereum Layer 2 community, Base is near launching a 1:1 backed tokenized inventory.
In a Tuesday publish on X, Pollack mentioned that Robinhood Chain, the not too long ago launched Ethereum Layer 2, has acquired accurately tokenized shares within the EVM atmosphere, including that the bottom is lagging in that regard.
Garrett Skrovina, head of fintech at Lazer Applied sciences, requested concerning the timeline for launching 1:1 pledged shares at Base, to which Pollack replied, “Imminent — dot the i’s and cross the t’s, but it surely ought to occur quickly.”
The announcement comes as Base accelerates its pivot from its earlier deal with social merchandise to monetary functions.
Pollack not too long ago made a “unsuitable wager” by prioritizing creators, content material and messaging apps, Base mentioned. The community is at present targeted on buying and selling, funds, AI brokers, and tokenized belongings.
