Coinbase Unveils Tokenized US Stocks with Dividend Payout

Coinbase is launching tokenized US stocks that are backed one-to-one by their underlying assets, allowing holders to receive dividends.

The move is part of Coinbase's efforts to expand its offerings beyond cryptocurrencies and into traditional financial markets.

Tokenized US stocks will allow investors to buy and sell fractions of shares in well-known companies like Apple and Amazon on the exchange.