Coinbase CEO: Tokenized Stocks Should Be Backed by Real, Fully Collateralized Securities

Odaily reports that Coinbase CEO Brian Armstrong posted on X that Coinbase's tokenized stocks have established an industry standard, not using synthetic assets or debt instruments, but instead being fully backed by real securities that can be redeemed for the underlying stocks as specified, with dividend functionality already integrated and voting rights soon to be introduced. Armstrong stated that this will provide a foundation for global investors and institutions to participate in the over $70 trillion U.S. stock market.