Coinbase announced plans to introduce tokenized stocks backed one-for-one by underlying U.S. equities, allowing users to own, trade, hold, and redeem equities on a blockchain. CEO Brian Armstrong emphasized that these differ from existing tokenized offerings that are often derivatives or synthetics, offering direct ownership with dividend payouts. The move is part of a broader push to bring traditional securities onchain, reducing settlement times and enabling 24/7 trading. Tokenized stocks are a fast-growing sector, with competitors like Kraken, Robinhood, Gemini, and Bybit also entering the space. Coinbase's products will initially be available outside the U.S. in eligible jurisdictions, with no specific launch date announced. Citi projects tokenized securities could become a multitrillion-dollar market by 2030.

Key facts

• Coinbase to launch 1:1 backed tokenized stocks with direct equity ownership.
• Users can own, trade, hold, and redeem equities onchain with dividends.
• First tokenized stocks offering real ownership, not derivatives or IOUs.
• Initial availability outside the U.S. in eligible jurisdictions; launch date TBD.
• Part of growing trend: Citi projects tokenized securities could be multi-trillion market.

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