Polymarket CEO Shayne Coplan addressed the TOKEN2049 conference in Singapore on October 7, 2026, to discuss the potential development of an onchain asset. He emphasized that the platform is exploring a concept featuring programmable utility integrated into its economy, comparing the potential design to an ideal stock structure.
Despite the announcement, Coplan clarified that the platform has no plans for a token launch at this time. He provided no specific details regarding the asset's name, structure, or timeline, and explicitly stated that his comments should not be interpreted as investment advice.
The discussion occurred amid circulating revenue comparisons between Polymarket and its competitor, Hyperliquid. Reports indicated that Polymarket generated approximately $9,9 million in revenue, while Hyperliquid recorded $2,64 million.
Prior to the conference, Polymarket implemented a technical upgrade to Protocol V2. This update introduced single ERC-1155 positions, a standard that allows a single smart contract to manage multiple asset types, thereby simplifying onchain representation.
Although Polymarket has previously filed trademarks for POLY and $POLY, these actions have not resulted in a product launch. As of October 7, 2026, the platform remains without a native token.
