Base lead developer Jesse Pollak says tokenized Apple and Tesla shares backed 1:1 in regulated custody are set for Q3 launch, citing SEC Nasdaq rule approval as catalyst.
Base, the Coinbase-developed Ethereum layer-2, is close to listing tokenized U.S. equities backed 1:1 and held in regulated custody, lead developer Jesse Pollak said Monday.
The shares – including Apple and Tesla – will carry on-chain transfer and redemption rights alongside automatic dividend pass-through. Pollak cited the SEC's approval of Nasdaq's tokenized securities rule earlier this year as a regulatory precondition for the push into real-world assets on Base.
Polymarket odds for a Base token launch by Dec. 31, 2026 rose to 12.5% Monday, from 10% a day earlier. The move reflects a lift in sentiment around Base's ecosystem scope, though the tokenized equities announcement is distinct from any token issuance, Pollak said.
Base is one of several layer-2 networks pushing into tokenized real-world assets alongside Crypto Derivatives Volume Dwarfs Spot 4.4x, Cboe Report Says and PayPal's $2.8B PYUSD Gets Polygon Boost as Bank Stablecoin Looms. Coinbase did not provide a specific launch date beyond "in the coming weeks."
Pollak said the company is working with unnamed regulated custodians and expects the first batch of equities to go live before end of Q3 2025.
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