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      Coinbase's Base Network Predicts Tokenization Supercycle Driven by Tokenized Equities

      Jesse Pollak, the creator of Coinbase's Base network, has forecasted a significant shift in the cryptocurrency landscape, emphasizing the rise of tokenized equities and non-dollar stablecoins. Speaking at the Token2049 conference in Singapore on October 7, 2026, Pollak highlighted that as countries continue to utilize their own currencies, the on-chain economy will require stablecoins that align with these local currencies.

      Pollak outlined two main components of this anticipated tokenization supercycle. On one hand, local-currency stablecoins are expected to facilitate everyday transactions in users' home currencies. On the other hand, tokenized US equities, which are digital representations of actual shares in public companies, are already being offered on Base, allowing users to trade these assets on a blockchain. Coinbase launched 1:1-backed tokenized equities in August 2026, featuring major companies like Nvidia, Meta, Apple, and Google, enabling 24/7 trading unlike traditional stock markets.

      As of early October 2026, the trading volume for tokenized equities on Base has reportedly surpassed $100 million daily, indicating a growing market interest. Pollak also mentioned plans for portfolio-backed borrowing, where users could leverage their tokenized equity holdings as collateral to borrow stablecoins, targeting a loan-to-value ratio of 30-40%. This pivot towards financial infrastructure marks a strategic shift for Base, which initially focused on consumer applications and social features, positioning it in competition with other platforms like Robinhood and Kraken.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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