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Jesse Pollak, the main developer of the Ethereum 
$2,696-based layer-2 network Base, supported by Coinbase Exchange, has announced plans to tokenize the company’s COIN shares on the protocol. In a post on the X platform, Pollak stated, “Every asset in the world will be on Base.” This statement reflects the ambition behind the integration of traditional assets into the digital economy.
Tokenization of COIN on Base
Pollak indicated that the integration of COIN into the Base network is currently under examination. He confirmed that there are no concrete plans for this tokenization yet, following discussions with community members. The development team is working to understand what regulatory permissions are needed for this initiative.
Considering the sensitive structure of regulations in the U.S., Pollak emphasized the goal of launching COIN on the protocol in a secure, compliant, and forward-looking manner. Currently, users can access COIN through other protocols like BackedFi, although this access is limited to U.S. citizens.
Leading Firms in Asset Tokenization
Tokenization continues to emerge as a growing trend in the digital currency ecosystem, with firms like Franklin Templeton and BlackRock leading the way. Franklin Templeton stands out as a pioneer on Wall Street, while BlackRock’s BUIDL fund has consistently achieved significant milestones.
These asset managers are expanding their tokenized funds to provide broader access through protocols like Base Network. After its introduction last year, BlackRock continues to expand, recently approving Frax Finance’s DAO BUIDL as a frxUSD reserve asset, highlighting significant protocol expansions reported in recent months.
Ripple 
$2 Labs is also entering the tokenization space, particularly by partnering with Archax and increasing its reliance on the XRP Ledger through the RLUSD stablecoin, thereby supporting growth in this area.
Pollak mentioned to community members that this is still the early stage, suggesting that plans could be further developed. The potential launch of COIN on Base may help solidify the network’s position as the largest layer-2 on Ethereum.
Coinbase’s plans to tokenize COIN shares on Base aim to enhance the integration and accessibility of digital assets within a broader ecosystem. These developments are regarded as significant steps for both Coinbase and Base.
