Coinbase launches tokenized stocks with direct ownership

Coinbase is entering the tokenized stock market by offering shares backed 1:1 by U.S. equities, allowing investors to own, trade, and receive dividends directly on the blockchain. CEO Brian Armstrong emphasized that these tokens represent true equity ownership, differentiating them from derivative-based offerings prevalent in the market. This move aligns with a broader industry trend of bringing traditional securities onto blockchain rails, promising reduced settlement times and increased accessibility for international investors. The service will initially launch in select international jurisdictions, with a specific date yet to be announced.