Base Bolsters Tokenized Finance with Cobalt Upgrade

Base, an Ethereum layer-2 network, has completed its Cobalt upgrade. This upgrade brings new tools for tokenized assets and deepens Base's push into onchain finance.

Cobalt expands the B20 token standard by allowing issuers to apply compliance checks to the same asset. For example, an issuer could require recipients to pass identity checks or qualify as accredited investors.

Issuers can also schedule adjustments for corporate actions like stock splits without minting or burning tokens.