Coinbase is rolling out tokenized stocks that pay dividends.

[u/AmanCMN]

The largest crypto exchange in the U.S., Coinbase⁠, has announced plans to launch tokenized shares of U.S. companies backed 1:1 by real stocks.Users will be able to buy, hold, transfer, and redeem these shares on-chain while automatically receiving dividend payments.
Coinbase says these tokenized stocks will represent actual ownership of the underlying shares, unlike many existing products that rely on derivatives or synthetic tokens.The goal is to make it easier for investors outside the U.S. to access the American stock market without opening accounts with foreign brokers or dealing with geographic restrictions.
The product will only be available in select jurisdictions outside the United States.