- Coinbase plans 1:1 backed tokenized U.S. stocks with dividends on the Base blockchain.
- Eligible users outside the U.S. will access tokenized shares tied to real equities.
- Competition grows as crypto and finance firms expand tokenized asset offerings.
Coinbase has revealed plans to introduce tokenized U.S. stocks backed 1:1 by underlying shares, marking its latest expansion beyond cryptocurrency trading. The company said the new assets will represent actual ownership interests in publicly traded companies and will include automatic dividend payments, while transactions and settlements will take place on its Base blockchain.
The products are expected to be offered only to eligible users outside the United States, although the company has not announced a launch date.
Coinbase Details Ownership Structure
According to Coinbase, each tokenized stock will be backed by a corresponding share of the underlying company. The exchange stated that the assets are intended to provide direct ownership interests rather than synthetic exposure or derivative-based products.
Chief Executive Officer Brian Armstrong said the planned offering is intended to give investors ownership of actual shares while retaining blockchain-based features. He noted that many existing tokenized stock products are structured differently, often relying on derivative arrangements rather than direct ownership.
Competition Expands Across Tokenized Markets
The planned launch arrives as competition in tokenized securities continues to increase. Several crypto-focused companies have recently expanded efforts to bring traditional financial assets onto blockchain infrastructure.
Kraken recently introduced tokenized U.S. stocks through its xStocks platform, making the products available to customers in more than 180 countries. Robinhood has also announced plans to offer tokenized equities in Europe, while Gemini and Bybit have explored similar initiatives.
Traditional Finance Firms Increase Tokenization Efforts
Interest in tokenization has also spread across reputable financial institutions. Over the past year, BlackRock, Franklin Templeton, and JPMorgan have expanded tokenized fund and asset offerings as firms explore blockchain-based settlement and asset management models.
Industry forecasts continue to highlight the sector’s potential, with Citi estimating that tokenized securities may evolve into a multitrillion-dollar market by decade’s end.
Related: Tokenised Equities Poised to Transform the $69 Trillion US Stock Market
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