Coinbase to Launch Onchain Tokenized Stocks with Dividends
- Coinbase plans to introduce tokenized stocks backed one-for-one by U.S. equities.
- Users will be able to own, trade, hold, and redeem these securities onchain.
- Dividends will be automatically distributed to users holding the tokenized stocks.
- CEO Brian Armstrong emphasized that these stocks represent true ownership, unlike many existing derivatives.
- The announcement precedes a product event scheduled for Tuesday at 3 p.m. ET.
This initiative places Coinbase in competition with other crypto firms and traditional financial companies aiming to integrate stocks into blockchain networks. The introduction of real ownership through tokenized assets could reshape how investors engage with equity markets.
With the launch of these tokenized stocks, Coinbase aims to offer benefits like dividend payments while ensuring users have genuine ownership rights over their investments.(Source)
