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Coinbase Is Bringing 1:1 Backed Tokenized Stocks!
A New Standard for Tokenized Equity
@Coinbase is entering the tokenized stock space with a product it says sets a higher bar than what the market currently offers. The exchange plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own, trade, hold, and redeem equities on a blockchain while receiving dividends automatically.
CEO Brian Armstrong said the new products differ from many existing tokenized stock offerings by providing direct equity ownership rather than derivative or synthetic exposure. That is a meaningful distinction. Most competing products in this space are structured as IOUs or synthetic contracts that track a stock's price without granting the holder any claim to the underlying shares.
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