Base Bolsters Tokenized Finance with Cobalt Upgrade

Base has completed its Cobalt upgrade, which adds new tools for tokenized assets. The upgrade allows issuers to apply several compliance checks to the same asset and schedule adjustments for corporate actions such as stock splits.

The update also introduces Validity Transactions, which enable users to submit transactions that become eligible for inclusion only when specified on-chain conditions are met.

This move deepens Base's push into on-chain finance. The network has recently gained a prominent use case with the launch of tokenized US stocks on Base by Coinbase.