[Coinbase to Launch 1:1 Physically-Backed Tokenized Stocks, Supporting On-Chain Trading, Holding, and Redemption] BlockBeats News, June 16: Coinbase announced today that it will launch the first batch of fully 1:1 physically-backed tokenized stocks, marking a key step in the migration of traditional U.S. stock assets onto the blockchain. Users will be able to directly hold tokenized shares of real U.S. company stocks and complete transactions, holding, and redemption on-chain, while automatically receiving corresponding dividend distributions. Coinbase emphasized that this product is not a derivative or an IOU (debt certificate) but a true asset mapping anchored 1:1 to the underlying stocks, aiming to provide users with a more transparent and verifiable on-chain stock market experience. [Original Link]