Coinbase says users will be able to buy, trade and hold tokenized versions of U.S. stocks that are backed 1:1, the exchange announced on Tuesday in a brief social media post.
"The first real, 1:1 backed tokenized stocks are coming," Coinbase said. "Own actual tokenized shares of U.S. companies. Trade, hold, and redeem, all onchain. Automatically receive dividends. No derivatives, no IOUs."
The company said more details would come later Tuesday afternoon.
Coinbase's move comes as American regulators and lawmakers are discussing how tokenized stock trading can or will function. Rival firms like Robinhood and Kraken also aim to offer users onchain versions of U.S. equities.
Robinhood launched an Arbitrum-based initiative to offer hundreds of tokenized U.S. stocks and exchange-traded funds. Global players like Binance, OKX, and popular DEXes like Hyperliquid and Lighter, are all also exploring ways to offer users onchain investments tied to the performance of U.S. equities.
