Coinbase rolls out 1:1 tokenized U.S. stocks and a USDC-secured card in June 16 push

Coinbase unveiled 1:1 backed tokenized U.S. stocks designed to provide on-chain ownership and automatic dividend payouts. Each token is backed by a real share held in custody rather than a synthetic product that only tracks price. The company said the tokenized stocks will launch outside the U.S. first, with access for U.S. residents pending regulatory clarity. Coinbase also introduced a USDC-secured Coinbase One Card aimed at extending Bitcoin rewards to users who can’t qualify for traditional credit.