Coinbase plans to launch tokenized stock trading in August for customers outside the US, according to an announcement on Tuesday.
Tokenized stocks will be backed 1:1 by the underlying asset and will represent “true equity ownership,” it stated. This includes dividend payouts and complete shareholder rights, alongside the “programmatic utility of the onchain economy.”
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The product merges traditional equities with crypto flexibility, as traders can access stock markets out of hours. Tokenized stocks can also be lent out for yields, posted as loan collateral, or transferred to other users, it stated.
“Our product will give all the benefits of true ownership, with all the benefits of tokenized assets. This is a great step towards unlocking global access to US markets,” said Coinbase CEO Brian Armstrong.
Coinbase also announced that it will be rolling out options trading for crypto and stocks, directly on the exchange. Options are derivative contracts tha
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