Odaily reported that Coinbase posted on X that the first real, 1:1-backed tokenized stocks are coming soon. According to the company’s statement, the product will allow users to hold actual tokenized shares of U.S. companies, rather than instruments described as derivatives or IOUs.
Coinbase said users will be able to trade, hold and redeem these tokenized stocks on-chain. The company also stated that holders will automatically receive dividends, presenting the product as a tokenized form of actual U.S. company shares with real 1:1 backing.
The exchange emphasized that the product is not a derivative and not an IOU. Its announcement centers on four stated features: actual tokenized ownership of U.S. company shares, on-chain trading and holding, redemption, and automatic dividend receipt.