Coinbase Unveils Tokenized Stocks Backed by Real Shares

Coinbase has launched tokenized U.S. stocks backed 1:1 by real shares, adding to its push beyond crypto spot trading, derivatives, and prediction markets.

The product is designed to give holders actual tokenized share exposure rather than a synthetic derivative, with three core mechanics:

Users can trade, hold, and redeem the assets onchain; dividends flow automatically to eligible holders; and each token is backed by the underlying U.S. stock.

This structure positions Coinbase's model around real-share backing, onchain ownership mechanics, and dividend handling, making it closer to a blockchain-native version of brokerage equity exposure.