Coinbase launches 1:1 tokenized U.S. stocks on Base
Coinbase announced on June 16, 2026 it will offer 1:1-backed tokenized U.S. stocks with automatic dividends and no derivatives; initial access limited to eligible non-U.S. users.
Coinbase announced on June 16, 2026 that it will offer 1:1-backed tokenized U.S. stocks that settle on the Base layer-two blockchain. The tokens will carry automatic dividend payments and are not structured as derivatives.
Users will be able to hold tokenized shares onchain, trade them, and redeem tokens for the underlying securities. The company posted on X: “No derivatives, no IOUs.” Corporate actions such as dividends and stock splits will be handled automatically onchain.
The offering is built on Coinbase Tokenize, the firm’s institutional platform for issuing, managing and trading tokenized real-world assets. The platform supports onchain settlement, continuous 24/7 trading and automated processing of corporate events.
Initial availability is limited to eligible users outside the United States. Access for U.S. customers is subject to further regulatory clarity. When Coinbase launched conventional stock trading in February 2026, it noted tokenized equity products would be separate from offerings of Coinbase Capital Markets Corp. and Coinbase, Inc. The U.S. Securities and Exchange Commission has stated tokenized securities remain subject to existing securities laws.
Other firms have offered redeemable tokenized equities, including Backpack Securities and certain xStock products tied to Solana. Coinbase’s position rests on its large retail and institutional user base, custody services, existing stock trading infrastructure and the Base ecosystem for faster settlement.
Coinbase said it will disclose supported tickers, fee schedules and redemption mechanics during a livestream at 3 p.m. ET. Details on how custodians will hold the underlying shares and the exact redemption process were not provided ahead of the event.
Risks identified include counterparty exposure to custodians holding the underlying stock, cross-border compliance challenges and potential smart contract vulnerabilities onchain. Legal ownership and enforceability of rights such as dividend claims will depend on the custody and contractual arrangements that back the tokens.
Coinbase will publish full terms and operational safeguards. Investors and users are advised to review official Coinbase disclosures before trading or holding tokenized equities.
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