Base, Coinbase launch 1:1 asset-backed tokenized equities

Frequently asked questions

1. What did Base announce about tokenized stocks?

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   Base head Jesse Pollak said on X that the network is working with Coinbase on tokenized equities backed 1:1 by underlying shares, distinguishing the approach from Robinhood Chain's derivatives-based model.

2. How does Base's approach differ from Robinhood Chain's?

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   Base plans to back each tokenized stock with one real share, giving holders a direct claim on the underlying equity. Robinhood Chain's model uses derivatives that track price without conferring ownership of the shares.

3. Why does 1:1 backing matter for tokenized equities?

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   Direct share backing provides dividend rights, clearer custody, and a more defensible regulatory framing. Synthetic or derivatives-based exposure tracks price movement but does not give holders an ownership claim on the underlying equity.

4. What role is Coinbase playing in Base's tokenized stocks product?

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   Pollak said Base is working directly with Coinbase on the product, giving the rollout access to Coinbase's distribution and compliance infrastructure as it ships on-chain equities.

5. Where does this fit in the broader tokenization trend?

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   BlackRock, Franklin Templeton, and other TradFi firms have already pushed tokenized Treasuries and money-market funds onto public chains. Tokenized equities are the next major asset class being targeted for on-chain settlement.