Armstrong Pushes Real-Share Model as Coinbase Expands Tokenized Stocks

Coinbase CEO Brian Armstrong said tokenized stocks should represent real shares, giving investors ownership rights rather than simply tracking stock prices.

Armstrong outlined the approach on X as Coinbase expands blockchain-based access to US equities for customers outside the US. Under the model, underlying shares would be held in custody, while tokens could include redemption and dividend features.

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

Real shares behind tokens

Coinbase launched Base-native tokens linked to Apple, Nvidia, Meta and Alphabet in…

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