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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating adoption of Real-World Assets (RWA) in the financial sector, the Coinbase-backed Base network is preparing to launch tokenized equities. Jesse Pollak confirmed that these equities will be backed 1:1 by underlying assets, marking a fundamental shift in the network's strategy from social-first applications to comprehensive financial services. This expansion aims to integrate traditional equity markets with Ethereum Layer-2 technology.
This strategic pivot comes amid intensifying industry competition, following previous tokenization trials by major institutions like JPMorgan aimed at enhancing settlement efficiency. Per market data, COIN shares closed at $160.43 (close July 20, 2026), as investors evaluate the impact of diversifying Coinbase's revenue streams away from direct trading fees toward infrastructure and decentralized finance services.
Looking ahead, traders are monitoring support levels for COIN near its recent low of $155.15 (close July 20, 2026). With a lack of immediate crypto-related catalysts in the upcoming economic calendar, focus remains on the specific launch timeline for these tokenized equities and how institutional liquidity responds to this new financial instrument.