Jesse Pollak, head of the Ethereum Layer 2 network Base and Coinbase Wallet, stated last weekend that bringing Coinbase stock (COIN) to the Base chain is one of the things his team is researching this year, which will be "significant," although there are currently "no concrete plans."
Pollak wrote on social platform X:
"We are in an exploratory phase and working to understand what conditions need to be unlocked from a regulatory perspective to bring assets like $COIN to Base in a safe, compliant, and future-oriented manner."
and to clarify even further: there are no concrete plans right now. we are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to @base in a safe, compliant, future looking way. still day one.
— jesse.base.eth (@jessepollak) January 3, 2025
Pollak also pointed out that non-U.S. citizens can already access COIN on the Base chain through products like the real-world asset (RWA) tokenization platform Backed, "we need regulatory clarity and some improvements to unlock this feature on the chain as an open platform for everyone."
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