Coinbase Announces Tokenized U.S. Stocks Offering, Enabling On-Chain Dividend Receipt

U.S. Stocks on the Blockchain

On the 16th, the U.S. cryptocurrency exchange Coinbase announced the launch of its tokenized stock service, backed 1:1 by actual U.S. stocks.

In a post to X, Coinbase explained, 'Without using derivatives or IOUs, users can hold actual U.S. company stocks in a tokenized form.' This allows users to trade, hold, and redeem on the blockchain, in addition to automatically receiving dividends. Further details will be released later in the afternoon of the same day...