Coinbase announced plans to launch tokenized U.S. stocks backed one-for-one by physical shares. This initiative enables users to own, trade, and hold fractional shares of U.S. companies on the blockchain.
Token holders receive legal ownership rights and automatic dividend payments. CEO Brian Armstrong noted that unlike derivative-based competitors, this product confers actual ownership of the underlying asset.
The offering combines on-chain asset benefits with traditional legal protections. Coinbase will initially launch these products in eligible jurisdictions outside the United States.