Coinbase Plans 1:1 Backed Tokenized Stocks With Real On-chain Ownership

Coinbase is preparing to bring U.S. stocks onto blockchain networks through tokens backed one-for-one by underlying company shares. Chief Executive Brian Armstrong said the planned product would give users real ownership rather than exposure through a derivative or an unsecured IOU. Under the proposed structure, eligible customers could buy, hold, trade, and redeem tokenized shares […] Read The Full Article Coinbase Plans 1:1 Backed Tokenized Stocks With Real On-chain Ownership On Coin Edition.