Coinbase CEO says tokenized stocks should hold real securities

Coinbase CEO Brian Armstrong has called for tokenized stocks to carry full backing from real securities as the exchange seeks to connect global investors with a U.S. equity market valued at more than $70 trillion. Summary Armstrong said Coinbase’s stock tokens represent real securities rather than synthetic assets or debt instruments. Coinbase holds underlying shares through an offshore special-purpose company and a regulated U.S. broker. Verified holders can request redemption, while dividend proceeds are generally reinvested after taxes and fees. The products remain unavailable to U.S. persons and are not registered under the U.S. Securities Act. Armstrong said in an X post that Coinbase has established a model for tokenized equities based on real shares, redemption rights and benefits tied to the underlying securities. We’ve set the standard with Coinbase Tokenized Stocks.No synthetics or debt instruments, real fully-backed securities, redeemable for the underlying shares, with dividends integrated, and voting rights coming soon.That means access for global investors and institutions to the… pic.twitter.com/BYy0E8sxxX— Brian Armstrong (@brian_armstrong) September 14, 2026 Rather...