Coinbase to Launch 1:1 Backed U.S. Stock Tokens With Automatic Dividend Payouts on June 16

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According to NADA News, Coinbase announced on June 16 that it will offer tokenized U.S. stocks backed 1:1 by actual equities, enabling users to trade, hold, and redeem on-chain while automatically receiving dividend payments. The product will initially be available outside the United States. CEO Brian Armstrong emphasized the offering differs from competitors' solutions, which rely on derivatives or IOUs rather than genuine ownership, stating users will own actual shares on-chain.
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