Base Developer Jesse Pollak Says Coinbase Stock (COIN) Could Soon Become Available on-Chain

Coinbase (NASDAQ:COIN) stock (COIN) might soon be available on the blockchain, according to the creator of Base, the layer-2 (L2) network from the US crypto exchange.

In a new thread on social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN. Some traders, however, can already access COIN on Base through asset tokenization protocol Backed.fi, he adds, noting that regulatory clarity would “unlock” it for everyone.

According to Pollak, Coinbase has yet to make any concrete plans to bring over real-world assets to the blockchain, which launched in August 2023 as an Ethereum (ETH) L2 scaling solution.

And to clarify even further: there are no concrete plans right now. 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 safe, compliant, future-looking way. Still day one.

Looking at a longer arc of time, Pollak reiterates Base’s plans to see the blockchain as the backbone of global transactions.

Base’s north star is to build a global economy, on-chain… We are going to bring $1 trillion+ assets to Base and it’s going to happen faster than anyone expects – still day one.