The creator of Base, the blockchain of top US crypto exchange Coinbase, says the company’s shares (COIN) could soon become available on-chain.
In a new thread on the social media platform X, Base developer Jesse Pollak say that eventually all assets in the world will be on Base, including COIN.
Pollack, though notes that some traders already have access to COIN on Base through the asset tokenization protocol Backed.fi, adding that regulatory clarity would “unlock” it for everyone.
According to Pollak, Coinbase has not yet done so formulated concrete plans to transfer real-world assets to the blockchain, which launched in August 2023 as an Ethereum (ETH) layer-2 scaling solution.
“And to clarify even further: there are currently no concrete plans. We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like COIN to Base in a secure, compliant and forward-looking manner. Still day one.”
Looking at a longer time period, Pollak reiterates Base’s plans to do the same to see the blockchain as the spine of global transactions.
“Base’s north star is building a global economy, on-chain… We’re going to bring over $1 trillion of assets to Base and it will happen faster than anyone expects – still on day one.”
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Generated image: Midjourney