Coinbase to join tokenized stock race with onchain shares, dividend payments (opens original article in a new tab)

Coinbase is set to launch tokenized stocks backed by U.S. equities, enabling users to own, trade, and receive dividends on a blockchain, with the product launching in eligible non-U.S. jurisdictions.

• Coinbase plans to introduce tokenized stocks backed one-for-one by U.S. equities
• The tokenized stocks will allow users to own, trade, hold, and redeem equities on a blockchain with automatic dividend payments
• The product will debut in eligible jurisdictions outside the U.S. at an unspecified date