Coinbase Plans Launch of 1:1 Backed Tokenized US Stocks for Overseas Users on June 16

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According to a Coinbase announcement on June 16, the US-based crypto exchange plans to launch tokenized stocks backed 1:1 by underlying US equities for users in eligible markets outside the US. The products will enable on-chain ownership, trading, holding, redemption, and dividend pass-through, with shares held by a regulated custodian.
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