TREE NEWS update: Base has completed its Cobalt upgrade, adding conditional trading and issuer control tools for tokenized assets. The upgrade extends the B20 token standard to let issuers set multiple compliance checks on a single asset, including identity verification, accredited-investor status and sanctions screening, and to preset corporate actions such as stock splits without minting, burning or changing underlying balances. Cobalt also introduces Validity Transactions, which let users submit trades that execute only if on-chain conditions are met.
Base Completes Cobalt Upgrade, Adds Conditional Trading and Issuer Controls for Tokenized Assets
The compliance features matter more than the trading novelty: by letting issuers stack identity, accreditation and sanctions checks on a single token, Base is courting regulated asset issuers who need programmable restrictions rather than one-off gating. Preset corporate actions without touching balances lowers the operational friction that has kept some real-world assets offchain. Whether issuers actually adopt B20's controls — and whether conditional execution attracts genuine volume or stays a niche tool — is the open question worth watching.
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