Base, the Ethereum layer-2 network developed by Coinbase, is preparing to introduce 1:1-backed tokenized equities in the near term.

Jesse Pollak, the network’s creator, indicated in a Tuesday social media post that the launch is imminent, with final preparations underway. He acknowledged that a competing Ethereum layer-2 platform had successfully implemented similar products and noted Base’s intention to follow suit promptly.

The development reflects Base’s strategic shift toward financial applications, including trading, payments, artificial intelligence agents and tokenized assets. The network had previously emphasized social and creator-focused products but has adjusted its priorities accordingly.