Base completes Cobalt upgrade, adds new tools for tokenized assets
Base’s Cobalt lets traders set transaction conditions while giving issuers tools for compliance checks, stock splits and forced token transfers.
Base activated its Cobalt upgrade Wednesday, adding conditional transactions and new issuer controls for tokenized assets as the Ethereum layer-2 network deepens its push into onchain finance.
Cobalt, Base’s third major upgrade, expands its B20 token standard by allowing issuers to apply several compliance checks to the same asset. For example, an issuer could require recipients to pass identity checks, qualify as accredited investors and not appear on a sanctions list.
Issuers can also schedule adjustments for corporate actions such as stock splits. The update changes the number of shares displayed in wallets and apps without minting or burning tokens or altering the underlying balance.
