Base plans 1:1-backed tokenized US equities launch

Base is close to launching 1:1-backed tokenized U.S. equities on its Ethereum Layer-2, with underlying shares held in custody and dividend passage, signaling a shift from its earlier social-token focus to broader financial applications. The effort places Base in a race with Robinhood Chain and comes amid regulatory progress and Coinbase-backed ambitions to expand on-chain real-world asset infrastructure.