Base creator Jesse Pollak says equities and non-dollar stablecoins will lead upcoming ‘tokenization supercycle’

The Tokenization Supercycle: Why Equities and Non‑Dollar Stablecoins Are the New Frontiers

In the past year, the Base network—created by former Coinbase engineer Jesse Pollak—has quietly become the go‑to layer‑2 for tokenized assets. Six weeks after launching tokenized stocks, Base is already moving $70 – $100 million in daily volume, a figure that signals a broader shift: the next tokenization supercycle will be driven by equities and non‑dollar stablecoins.

1. Equities: The Natural Fit for Tokenization

Tokenized equities are not a new idea, but Base’s infrastructure has finally made them mainstream. By wrapping traditional shares into ERC‑20 tokens, investors can trade them 24/7, split ownership into fractions, and access liquidity that was previously limited to exchanges. Pollak notes that the volume on Base is comparable to the daily trading of some mid‑cap stocks on traditional exchanges, underscoring the platform’s ability to handle large, institutional‑grade trades.

The benefits are clear:

• Fractional ownership – Investors can buy a fraction of a high‑priced stock, lowering entry barriers.
• Cross‑border liquidity – Tokenized shares can be traded globally without the friction of settlement delays.
• Programmable compliance – Smart‑contract rules can enforce KYC/AML checks automatically, reducing regulatory risk.

These advantages position tokenized equities as a cornerstone of the upcoming supercycle, attracting both retail and institutional players.

2. Non‑Dollar Stablecoins: A Diversified Store of Value

While dollar‑denominated stablecoins dominate DeFi, Pollak argues that non‑dollar stablecoins—such as those pegged to the euro, yen, or even commodity baskets—will play a pivotal role. Base’s low‑fee, high‑throughput architecture makes it ideal for handling the volatility and regulatory nuances of these assets.

Key reasons for their rise include:

• Geopolitical diversification – Investors can hedge against dollar‑specific risks by holding stablecoins pegged to other currencies.
• Regulatory clarity – Many jurisdictions are more comfortable with stablecoins tied to local currencies, easing compliance.
• Interoperability – Base’s compatibility with Ethereum’s tooling allows seamless integration with existing DeFi protocols.

As more users seek stable, cross‑border assets, non‑dollar stablecoins will likely see a surge in adoption, further fueling the tokenization wave.

3. Base’s Competitive Edge in the Supercycle

Pollak’s vision for Base is not just about launching tokenized products; it’s about building an ecosystem that supports them. The network’s design offers:

• Ultra‑low gas fees – Keeping transaction costs negligible even during high‑volume periods.
• High throughput – Capable of processing thousands of transactions per second, matching the demands of institutional trading.
• Developer‑friendly tooling – Comprehensive SDKs and documentation lower the barrier for protocol builders.

These features give Base a distinct advantage over other layer‑2 solutions, positioning it as the preferred platform for the next wave of tokenized assets.

4. Looking Ahead: What Investors Should Watch

1. Regulatory developments – Keep an eye on how regulators treat tokenized equities and non‑dollar stablecoins.
2. Partnerships – Base’s collaborations with custodians and exchanges will signal maturity.
3. Liquidity pools – The growth of liquidity providers on Base will be a barometer for market health.

By staying informed on these fronts, participants can capitalize on the tokenization supercycle before it fully materializes.

Conclusion

Jesse Pollak’s insights highlight a clear trajectory: tokenized equities and non‑dollar stablecoins are set to lead the next tokenization supercycle. With Base’s robust infrastructure, the industry is poised to unlock unprecedented liquidity, accessibility, and innovation. Investors and developers alike should position themselves early to reap the benefits of this transformative shift.

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TL;DR: Base’s launch of tokenized stocks and focus on non‑dollar stablecoins signal that the next tokenization supercycle will be driven by equities and diversified stablecoins, with Base positioned as the leading platform for this shift.