Coinbase · U.S. · Tesla · The Block
Coinbase launching tokenized US stocks, backed 1:1, with holders able to receive dividends
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Coinbase says users will be able to buy, trade and hold tokenized versions of U.S. stocks that are backed 1:1, the exchange announced on Tuesday in a brief social media post.
Key facts
- The first real, 1:1 backed tokenized stocks are coming," Coinbase said
- One of the more alluring aspects of tokenized trading is the potential for 24/7 market access, allowing investors to trade outside traditional stock market hours
- Coinbase says users will be able to buy, trade and hold tokenized versions of U.S. stocks that are backed 1:1, the exchange announced on Tuesday in a brief social media post
- Earlier this month, Backpack, the crypto exchange founded by former FTX employees, launched Backpack Securities, a platform designed to blend traditional and tokenized stock trading
Summary
"The first real, 1:1 backed tokenized stocks are coming," Coinbase said. "Own actual tokenized shares of U.S. companies. Coinbase's move comes as American regulators and lawmakers are discussing how tokenized stock trading can or will function. Robinhood launched an Arbitrum-based initiative to offer hundreds of tokenized U.S. stocks and exchange-traded funds. In some cases these exchanges, and others, already offer non-U.S. investors access to stock-linked derivatives tied to companies such as Tesla, Apple and Nvidia, but without any promise the exchange is holding the actual shares in reserve to back the onchain versions of the stocks.