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

Pollak's framing puts tokenized equities alongside non-dollar stablecoins as the demand drivers, rather than the Treasury-backed products that have dominated tokenization so far — a notable shift in emphasis from the sector's usual playbook. The volume figures he cites suggest tokenized stocks on Base have found real trading activity rather than novelty interest, though a single venue's numbers say little about whether the broader market follows. The open question is whether non-dollar stablecoins can attract the same regulatory clarity and issuer interest that dollar tokens have, since that, not equities, is the harder leg of the thesis.