Jesse Pollak, a key developer of the Ethereum-layer 2 network known as Base, has revealed ambitions to tokenize Coinbase’s COIN shares on this protocol. In a recent communication on the X platform, Pollak declared that “Every asset in the world will be on Base,” signaling a strong intention to incorporate traditional assets into the expanding digital economy.
What’s the Progress on COIN Tokenization?
Pollak noted that the idea of integrating COIN into the Base network is currently being evaluated. He clarified that there are no established plans for tokenization at this moment, as discussions with community members are still ongoing. The development team is focused on understanding the necessary regulatory requirements for this initiative.
Who are the Key Players in Tokenization?
The trend of tokenization is gaining momentum, with leading firms such as Franklin Templeton and BlackRock at the forefront. Franklin Templeton is recognized as a trailblazer on Wall Street, while BlackRock’s BUIDL fund has made notable progress, including recent approvals for new reserve assets.
Additionally, Ripple Labs is making inroads in this space by collaborating with Archax and leveraging the XRP Ledger to promote the RLUSD stablecoin. Pollak emphasized that this endeavor remains in its infancy, leaving the door open for further development of plans to launch COIN on Base.
- Tokenization aims to bridge traditional finance and digital assets.
- Regulatory clarity is a priority for any forthcoming initiatives.
- Leading firms are driving the tokenization trend with innovative products.
The proposed tokenization of COIN shares on Base is seen as a critical move to enhance the accessibility of digital assets, marking a pivotal moment not just for Coinbase but for the Base network as well.
