Jesse Pollak, creator of Base, Coinbase’s Ethereum layer-2 network, predicts the emergence of a tokenization supercycle driven by tokenized equities and non-dollar stablecoins. This forecast follows Base’s activation of the Cobalt upgrade, which includes issuer controls for tokenized assets. Tokenized equities reached a record $4.87 billion in September 2026, confirming the rapid growth trajectory of this segment. Non-dollar stablecoins remain a marginal segment compared to their dollar-pegged counterparts, which dominate the market.
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