Base Launches Cobalt Upgrade, Enhancing Transaction Control and Privacy in Tokenized Finance Ecosystem

September 30, 2026
Base Launches Cobalt Upgrade, Enhancing Transaction Control and Privacy in Tokenized Finance Ecosystem
  • Base rolled out its Cobalt upgrade for the third mainnet, introducing Validity Transactions that let users submit time-bound transactions that only become eligible if predefined conditions are met, boosting control over when transactions can be included.

  • The Cobalt hard fork went live on Base’s mainnet on or around September 30, 2026, after a test on Sepolia, with a smooth rollout across the network.

  • Cobalt advances Base’s tokenized finance push, following the July activation of the B20 standard for stablecoins, tokenized real-world assets, and other fungible tokens.

  • B20’s transfer rules remain in force for normal transfers, including sender/receiver checks and executor permissions, while seizure rules operate independently.

  • A deprecated burnBlocked function remains callable to destroy tokens from accounts blocked by transfer policies; seizures do not automatically extinguish balance unless paired with a burn.

  • Composite Policies let issuers combine allowlists and blocklists with OR/AND logic, enabling reuse of live policies like KYC and sanctions lists without offchain syncing.

  • Issuers must configure which accounts lose transfer exemptions for seizures; without a SEIZE_EXEMPT_POLICY, those accounts are exempt by default, making explicit eligibility settings essential.

  • Issuers can appoint authorized administrators to move tokens from holders’ wallets with holder-consent not required, and Base can forbid initiating transfers itself.

  • The administrative transfer tool, seizeWithMemo, allows on‑chain recording of source, destination, amount, and memo for moves by authorized admins, an issuer-controlled optional capability.

  • Trades can stay private until they’re included in a block, reducing front-running and information leakage around trigger events.

  • Cobalt enables scheduling token display multiplier changes for corporate actions like stock splits, without altering on‑chain balances, supported by ERC-8056‑compliant balance representation changes and B20 updates.

  • ERC-8056-aligned corporate actions support pre‑scheduled balance representation changes, so issuers can reflect events like stock splits without minting or burning tokens, while keeping balances intact.

Summary based on 6 sources


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