Coinbase CEO Brian Armstrong said in a post on X that the company’s tokenized stock product is built on fully backed real-world securities rather than synthetic assets or debt instruments. He said the structure allows holders to redeem the tokens for the underlying shares in line with applicable rules. Armstrong also said dividend functionality has already been integrated, while voting rights will be added soon. In his view, this framework can serve as the foundation for broader participation by global investors and institutions in the U.S. stock market, which he said is worth more than $70 trillion. The remarks outline Coinbase’s position on how tokenized equities should be structured and what rights they should carry.
Coinbase CEO Brian Armstrong said in a post on X that Coinbase’s tokenized stock product has set an industry standard.
According to Armstrong, the product does not use synthetic assets or debt instruments. Instead, it is fully backed by real securities and can be redeemed for the underlying shares in accordance with applicable rules. He added that dividend functionality has already been integrated, and voting rights will be introduced soon.
Armstrong said this can provide a foundation for global investors and institutions to access the U.S. stock market, which he described as being worth more than $70 trillion.
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