Coinbase, one of the leading US-based crypto exchanges, is making waves in the blockchain world with its innovative approach to asset tokenization. The creator of Base, the blockchain platform of Coinbase, recently hinted at the possibility of the company’s stock, COIN, becoming available on-chain in the near future.
Jesse Pollak, a developer at Base, took to social media to share his thoughts on the potential integration of COIN onto the blockchain. He mentioned that while every asset in the world could eventually be accessible on Base, regulatory clarity is a key factor that needs to be addressed before COIN can be made available to all traders. Currently, some traders have access to COIN on Base through the asset tokenization protocol Backed.fi.
Pollak clarified that Coinbase has not yet finalized plans to bring real-world assets like COIN onto the blockchain. The platform, which was launched in August 2023 as an Ethereum layer-2 scaling solution, is still in the exploratory phase to understand the regulatory requirements for such a move.
Despite the lack of concrete plans, Pollak reiterated Base’s long-term vision of becoming the backbone of global transactions. He emphasized that Base aims to bring over $1 trillion in assets onto the platform, creating a truly global economy that operates on-chain.
As Base continues to evolve, subscribers can stay updated on the latest developments by subscribing to email alerts and following the platform on social media channels like X, Facebook, and Telegram. The future of asset tokenization on Base looks promising, with the potential to revolutionize the way assets are traded and accessed on the blockchain.
In conclusion, Base’s journey towards becoming a global economic powerhouse on-chain is just beginning. With the potential integration of COIN and other assets onto the platform, the future of blockchain-based transactions looks bright. Stay tuned for more updates on Base and its groundbreaking initiatives in the world of cryptocurrency and asset tokenization.