Coinbase to join tokenized stock race with onchain shares, dividend payments
The crypto exchange said investors will own the shares and receive dividends, underscoring growing momentum behind tokenized securities.
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Summary
- Coinbase 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.
- The tokenized stocks, part of a broader push across Wall Street and crypto firms to move traditional securities onchain, will debut in eligible jurisdictions outside the U.S. at a date yet to be announced.
