Coinbase launching tokenized US stocks, backed 1:1, with holders able to receive dividends

Coinbase is stepping into the digital finance arena by launching tokenized versions of US stocks, directly backed at a 1:1 ratio to their actual market value. This move not only allows investors to trade these digital shares but also entitles them to receive dividends just like traditional stock ownership. As competitors and traditional financial institutions also explore similar offerings, this innovation could reshape how we think about ownership and investment in the stock market, blending traditional finance with blockchain technology.