Jun. 16 at 4:56 PM
$COIN has officially launched 1:1 physically backed tokenized US stocks (SpaceX, Nvidia, Google, Strategy, & Bitmine), allowing eligible users to hold, trade, & redeem actual shares on-chain while automatically receiving dividends
Note: These on-chain, collateral-backed stock tokens are currently available exclusively in compliant jurisdictions outside the US
For investors outside the US, tokenized stocks promise easier access to the world’s largest capital markets without navigating foreign brokerage accounts & local restrictions or regulations
Coinbase CEO: “Other current solutions are some form of derivative or IOU — not real ownership. Our tokenized stocks will give all the benefits of true ownership (e.g. dividend upside), with all the benefits of tokenized assets. You own an actual piece of the company onchain.”
Kraken recently added tokenized US stocks for customers in over 180 countries through its xStocks platform.
$HOOD plans to offer tokenized equities in Europe, while Gemini, Bybit, & other exchanges have explored similar products
---- These tokenized assets function as a functional replacement for direct equity exposure, stripping away voting power while completely avoiding the mechanics of option derivatives
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