Coinbase CEO: Tokenized stocks should be based on securities that are fully backed by real assets

Coinbase CEO Brian Armstrong posted on the X platform that Coinbase's tokenized stock has established an industry standard, not using synthetic assets or debt instruments, but instead fully backed by real securities, which can be exchanged for the underlying stock as per regulations, and has integrated dividend functionality, with voting rights to be launched soon.

Brian Armstrong stated that this will provide a foundation for global investors and institutions to participate in the U.S. stock market, which exceeds $70 trillion in scale.