Coinbase to launch 1:1 backed tokenized stocks with automatic dividend payments

Coinbase announced plans to offer tokenized U.S. stocks backed one-for-one by the underlying equities, with onchain ownership and automatic dividend payments, debuting outside the U.S.

• Coinbase says its tokenized stocks are 1:1 backed by real U.S. equities, not derivatives or IOUs.
• Holders will receive dividends automatically and can trade, hold and redeem onchain.
• The product will launch in eligible jurisdictions outside the U.S.; no date announced yet.
• Kraken, Robinhood, Gemini and Bybit are also racing to offer tokenized stocks.
• Citi projects tokenized securities could become a multi-trillion-dollar market by 2030.

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