Key facts
- Coinbase is launching tokenized U.S. stocks backed 1:1 by real shares.
- The tokens will offer on-chain trading, holding, and redemption capabilities.
- Automatic dividend payouts will be provided to eligible token holders.
- Coinbase emphasizes that the product is not a derivative or an IOU.
- The offering is initially targeted at non-U.S. investors.
Crypto exchange Coinbase has announced plans to launch tokenized U.S. stocks, which would offer exposure to U.S. companies. This marks a move by Coinbase to become the ‘Everything Exchange,’ diversifying beyond crypto trading. The exchange stated that these are real 1:1-backed tokenized stocks that users can own on-chain, differentiating them from derivatives or IOUs. Users will be able to trade, hold, and redeem these tokenized shares on-chain and will also automatically receive dividends. The offering is initially targeted at non-U.S. users. Coinbase CEO Brian Armstrong emphasized that the product provides all the benefits of true ownership with the advantages of tokenized assets, aiming to unlock global access to U.S. markets.