Overview
- Coinbase said Tuesday it will introduce tokenized U.S. stocks that are backed one-for-one by underlying shares and that can be owned, traded, held, redeemed onchain and that will pay dividends automatically.
- The company gave no launch date and said the product will be available only in eligible jurisdictions outside the United States at rollout.
- CEO Brian Armstrong framed the offering as direct equity ownership rather than a derivative or IOU, stressing backing, redemption rights and automatic dividend payments as proof points.
- The announcement formalizes a fast‑growing industry race that includes crypto platforms such as Kraken, Robinhood, Gemini and Bybit and traditional firms like BlackRock, Franklin Templeton and JPMorgan.
- Proponents say tokenized shares can cut settlement times, lower costs, enable fractional ownership and allow round‑the‑clock trading, but unresolved U.S. securities rules and custody mechanics will shape who can buy them and when.