Polymarket CEO Shayne Coplan addressed TOKEN2049 Singapore on October 7, 2026, discussing the prediction market platform's exploration of an onchain asset with what he described as "real programmable utility" tied to Polymarket's economy. Coplan clarified that his remarks constituted theoretical discussion rather than concrete product announcements.
During a fireside chat alongside Balaji Srinivasan, Coplan characterized the concept as resembling an ideal design of stocks. He did not disclose specific functions, timeline, name, or structure for the proposed asset. Coplan also added a disclaimer that his comments should not be taken as investment advice.
Current Status
As of October 7, 2026, Polymarket operates without a native token. The platform previously filed trademarks for POLY and $POLY, though these filings have not resulted in a launch.
Technical Backdrop
Coplan's remarks followed Polymarket's migration to Protocol V2, which introduced single ERC-1155 positions. The ERC-1155 token standard allows one smart contract to manage multiple asset types, simplifying onchain position representation. The upgrade also delivered operational efficiencies through PUSD collateral.
Market Context
Discussion around a potential Polymarket token intensified partly due to revenue comparisons between Polymarket and competitor Hyperliquid circulating at the conference. The comparison placed Polymarket at approximately $9.9 million in revenue versus Hyperliquid's $2.64 million.
