Base Completes Cobalt Upgrade, Adds Tools for Tokenized Assets

The upgrade's real weight is in the compliance layer: stock splits, forced transfers and issuer-side checks are the unglamorous machinery that tokenized equities and funds need before venues can treat them like conventional securities. That shifts Base's pitch from general-purpose trading to regulated asset issuance, putting it in more direct competition with chains courting the same issuers. Whether those issuers actually migrate, rather than just test, is the open question.