Exchange operator Coinbase said on 16 Jun it plans to offer tokenized US stocks – backed by actual shares – to eligible users outside the US, joining a growing field of crypto firms racing to bring traditional equities onchain.
Coinbase Adds Tokenized Stocks in Push Beyond Crypto
16 June 2026 - 23:27 CEST
By Jona Jaupi
The company said users will be able to buy, hold and redeem tokenized shares of US companies that are backed one-for-one by the underlying stocks. Holders will also automatically receive dividends onchain, according to Coinbase.
Tokenized stocks are digital versions of traditional shares that run on the blockchain. Unlike products that track a stock's price, Coinbase said its offering will be backed by actual shares, providing complete shareholder rights to token holders – a feature that differentiates Coinbase's product from many existing tokenized stock products.
The exchange emphasized that its tokenized stock product is "not derivatives" and will initially only be available in eligible jurisdictions outside the US.
"The future of stocks is coming," Coinbase wrote in a post on X. "We're launching the first real 1:1 backed tokenized stocks. All the benefits of true ownership, with all the benefits of tokenization."
Coinbase's Ethereum Layer 2 network, Base, will serve as the blockchain infrastructure for the tokenized equities, according to a post on X. Base currently has a total value locked (TVL) of over $4.2bn, per DeFiLlama.
"You'll actually own the shares, get the dividends, and have all the shareholders rights you would expect. But you can also trade them 24/7 onchain, lend them out to earn interest, use them as collateral for a loan, or even send them to someone as a gift," Max Branzburg, Coinbase's head of consumer and business products, said in a statement.
Not the first mover
With this move, Coinbase is entering an increasingly crowded market. In May 2025, crypto exchange Kraken unveiled plans to offer tokenized US stocks to investors outside the United States through its xStocks platform. According to DeFiLlama, xStocks currently has a TVL of over $511mn – up sharply from $21mn in July 2025.
The following month, crypto exchange Gemini partnered with tokenization platform Dinari to launch tokenized shares of popular US stocks for European users.
Robinhood entered the market in 2025 with more than 200 tokenized US stocks for European investors and has since expanded its catalogue to more than 2,000 equities.
Ambitions of an 'everything' app
The announcement fits into Coinbase's broader ambition to become a platform where users can trade stocks, crypto, commodities and prediction markets from a single account operating around the clock.
"We are building the financial services platform of the future at Coinbase: one account for everything you trade, settled instantly, open 24/7," Branzburg wrote in a blog post on 12 Jun.
The company has expanded beyond spot crypto trading in recent months, adding perpetual futures, prediction markets, lending and stablecoin rewards and, earlier today, also shared updates about its pre-IPO offerings, saying perpetual futures tied to private companies such as SpaceX are already live.
Coinbase went public on Nasdaq in 2021. Despite today's announcements, its shares closed down 0.21% at $169.27, extending its year-to-date decline to 28.44%.
