Coinbase Says It Will Launch 1:1 Tokenized Stocks Backed by Real Shares

Coinbase said it plans to launch tokenized stocks backed one-for-one by shares of actual US companies, outlining a product built on real equities rather than derivatives or debt-like claims.

On June 16, the company wrote on X, formerly Twitter, that “the first real 1:1 backed tokenized stocks are coming.”

Coinbase said users will be able to hold tokenized shares of US companies and trade, hold and redeem them on-chain. Dividends will also be paid automatically, it added.

The company emphasized that the product is neither a derivative nor an IOU. “Not a derivative. Not an IOU,” Coinbase wrote. “Welcome to the future of stocks.”

Tokenized stocks are blockchain-based products that represent ownership of, or economic rights tied to, traditional equities. Potential advantages include 24-hour trading, on-chain holding and automated dividend payments. But the custody structure for the underlying shares, investor rights and regulatory requirements remain central issues.

The market views Coinbase’s announcement as a sign that competition in the US tokenized stock market is beginning to intensify. Major crypto exchanges and fintech companies have recently been preparing products that would allow traditional financial assets such as listed stocks, private shares and exchange-traded funds to trade on blockchain networks.