Coinbase: tokenized stocks are fully backed by real securities
- —Coinbase's tokenized stocks are 100% backed by real securities
- —The product supports redemption into shares and dividend payments
- —Voting rights on tokenized stocks will be introduced soon
- —The product targets the more than $70 trillion US stock market
Why it matters: A major exchange is legitimizing tokenized stocks, intensifying competition with Robinhood and traditional brokers.
Source: PANews