Coinbase launching tokenized US stocks, backed 1:1, with holders able to receive dividends
The Block·
60-second summary
Coinbase is launching tokenized US stocks, backed 1:1, allowing holders to receive dividends. This move follows interest from rivals like Robinhood and Kraken, as well as traditional financial institutions, in offering tokenized shares. The development could increase accessibility to the stock market, potentially attracting more investors and driving growth in the digital asset space.
Both rivals like Robinhood and Kraken and traditional financial institutions have shown an interest in offering tokenized shares.