Ethereum powered by Coinbase Exchange $3,588.6 Jesse Pollak, the main developer of the layer-2 network Base, has floated the company’s plans to tokenize COIN shares on the protocol. In his post on the X platform, Pollak stated that “every asset in the world will be on Base.”
Tokenization of COIN on Base
Jesse Pollak stated that they are currently reviewing the integration of COIN into the Base network. Conversations with community members confirmed that there are currently no concrete plans for this tokenization. He stated that the developer team is trying to understand what kind of permissions are needed from a regulatory perspective.
Pollak emphasized that they aim to launch COIN on the protocol in a safe, compatible and future-proof way, considering the sensitive nature of the regulations in the USA. He noted that currently, users can access COIN through other protocols such as BackedFi, but this access is limited to US citizens.
Tokenization of Real World Assets: The Leading Edge
Tokenization continues as a growing trend in the digital currency ecosystem. Companies such as Franklin Templeton and BlackRock are leading the way in this field. Franklin Templeton is one of the leading firms on Wall Street, and BlackRock’s BUIDL money fund continues to achieve important milestones.
These asset managers are expanding their tokenized funds to protocols like Base Network to provide broader access. BlackRock continues to expand following its introduction last year. Recently, Frax Finance’s DAO approved BUIDL as a frxUSD reserve asset. This stands out as one of the major protocol expansions reported in recent months.
Ripple 
$2.4 Labs is also getting involved in the tokenization space. It supports growth in this area, especially by increasing the dependence on the XRP Ledger with its partnership with Archax and the RLUSD stablecoin.
Jesse Pollak stated to community members that it was still early days and that plans could be developed further. The launch of COIN on Base could help the Base network consolidate its position as the largest layer-2 on Ethereum.
Coinbase’s plans to tokenize COIN shares on Base aim to increase the integration and accessibility of digital assets within the broader ecosystem. These developments are considered an important step for both Coinbase and Base.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
