Coinbase to join tokenized stock race with onchain shares, dividend payments
Coinbase has announced plans to launch tokenized stocks that offer 1:1 backing, allowing users to own and trade real-world assets on the blockchain. CEO Brian Armstrong emphasized that these products provide true ownership and dividend benefits, distinguishing them from existing derivative-based offerings.
Why it matters
This move represents a significant step in the integration of traditional financial securities with blockchain technology, potentially increasing market accessibility and efficiency.
In a post on X on Tuesday, the exchange said "the first real, 1:1 backed tokenized stocks are coming," allowing users to own, trade, hold and redeem the securities onchain while automatically receiving dividends.
The article reports on a corporate announcement and industry trends without expressing an opinion on the viability of the product.
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