Base co-founder: Tokenized stocks will lead the next 'tokenization super cycle,' and non-USD stablecoins are also undervalued by the market.

BlockBeats news, October 9: Base co-founder Jesse Pollak stated during Token2049 Singapore that tokenized stocks and non-USD stablecoins will become the main drivers of the next "tokenization supercycle." He believes that USD stablecoins have already taken the lead in development, but countries will still retain their local currency sovereignty, and non-USD stablecoins such as the euro, Canadian dollar, Nigerian naira, and Indonesian rupiah still have significant room for growth. Currently, Base supports 32 stablecoins across 21 currencies.

Pollak said the growth rate of tokenized stocks could surpass that of non-USD stablecoins. Over the past 12 months, the circulating supply of tokenized stocks grew from about $400 million to $3.3 billion, an increase of about 8x. Coinbase launched tokenized stocks on Base about six weeks ago. According to Pollak, daily trading volume is currently about $70 million to $100 million, with 50 stocks already listed and expected to increase to 250 by the end of the month. Its advantages include 24/7 trading, instant selling, and onchain transferability.

Looking ahead to 2027, Base will focus on expanding three major businesses—trading, payments, and financing—and advancing the construction of machine payment infrastructure. Pollak also said that in the next one to two years, financial activity will increasingly be driven by AI agents, and Base hopes to become important infrastructure for related transactions and payment activity.