Ethereum layer two
Coinbase, fintech, on Base since August 2023.
Base's own documentation describes it as 'The #1 Ethereum Layer 2, incubated by Coinbase'. DATE CAVEAT: the August 2023 public mainnet opening is widely reported but was not re-verified from a fetched primary source in this pass. Figures from rwa.xyz. NOTE ON THE NEGATIVE FINDING: Coinbase's own tokenised US equities offering was not verified as live as at 2026-08-24 and is deliberately absent from this dataset.
In the record
36
months from first observation to the record's assessment of August 2026
13
fintech rows in the record, this one included
2
rows filed to Base by their sources
What it bears on
R5Which network do we settle on, and how do we get out?
needs design
More than a hundred networks and no neutral selection framework. Our own record shows institutional issuance concentrated on mainnet, with layer twos carrying stablecoin float rather than funds.
R6Who is the counterparty when there is no counterparty?
needs design
An ownerless system meeting procurement built for vendors. Six organisations can take your first call, and our own unincorporated status is part of this problem, not outside it.