Coinbase: First Real 1:1 Backed Tokenized Stocks Coming Soon

Odaily reported that Coinbase announced on the X platform that the first batch of real, 1:1 backed tokenized stocks is coming soon. Users will be able to hold actual tokenized stocks of U.S. companies, and trade, hold, and redeem them on-chain while automatically receiving dividends. This product is neither a derivative nor an IOU.