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

Source: odaily6 hour ago

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.

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