Odaily reported that Coinbase posted on X that the first real, 1:1-backed tokenized stocks are coming soon. According to Coinbase’s statement, users will be able to hold actual tokenized shares of U.S. companies, with trading, holding and redemption handled on-chain.
Coinbase said users will also be able to automatically receive dividends through the product. The company’s wording highlights two central points: the stocks are described as “real” and “1:1-backed,” rather than products that only reference the price of listed equities.
Coinbase further stated that the product is not a derivative and not an IOU. In this announcement, the key distinction is Coinbase’s positioning of the offering as tokenized stock that can be held, traded and redeemed on-chain, while also carrying an automatic dividend-receipt feature.