Woofun AI reports that Base is finalizing the launch of 1:1-backed tokenized equities, a strategic shift confirmed by Jesse Pollak, creator of Coinbase’s Ethereum layer-2 network. This move acknowledges the competitive pressure from Robinhood Chain, which recently demonstrated efficacy in the EVM environment, prompting Lazer Technologies head of fintech Garrett Skrovina to inquire about Base's timeline.

Woofun AI data shows that the product specifications center on 1:1-backed tokenized equities, a format Pollak highlighted in a Tuesday X post as the correct approach for an Ethereum layer 2. He admitted that Base had fallen behind in this specific sector, noting that Robinhood Chain had successfully navigated the complexities of bringing traditional equity structures into an EVM environment.

Regarding the operational status, Pollak described the launch as "imminent," stating that the team is currently "dotting i’s and crossing t’s." He emphasized that the release should occur "very soon," indicating that final regulatory and technical checks are the only remaining hurdles before public availability.

This launch marks a definitive correction from what Pollak termed a "wrong bet" on prioritizing creator, content, and messaging apps. The network is now redirecting its resources toward trading, payments, AI agents, and tokenized assets, signaling a broader industry realignment toward financial utility over social engagement.