Woofun AI reports that Base co-founder Jesse Pollak announced a collaboration with Coinbase to launch tokenized stocks backed 1:1 by underlying assets. Pollak acknowledged that Base had lagged behind Robinhood Chain in EVM-based tokenized equities but stated this new initiative addresses that gap. He argued that the 1:1 backing model offers greater scalability in trust, capital efficiency, and institutional acceptance compared to Robinhood's derivatives approach. Pollak described the integration of global capital markets with Base's EVM programmability as a powerful financial infrastructure.