Base creator Jesse Pollak predicts equities and non-dollar stablecoins will drive a tokenization supercycle, with Coinbase's tokenized stocks on Base reaching $70–100M in daily trading volume.
Tech & Launches ·
Jesse Pollak, creator of Base, has identified equities and non-dollar stablecoins as the primary drivers of an upcoming tokenization supercycle. According to Pollak, Coinbase's tokenized stocks product launched on Base approximately six weeks prior and has reached $70 million to $100 million in daily trading volume.
The launch represents Coinbase's entry into on-chain tokenization of traditional financial assets, expanding beyond native crypto products. Tokenized stocks allow investors to trade shares of equities on blockchain networks, combining the settlement speed and accessibility of blockchain infrastructure with exposure to traditional markets.
The scale of daily volume Pollak cited suggests early institutional or retail adoption of the offering, though questions remain about the concentration of volume among specific stocks, whether this volume reflects new capital or migration from existing venues, and how sustainable the trading activity proves to be as the product matures.