Coinbase rolls out 1:1 fully backed onchain U.S. tokenized stocks as Robinhood and Kraken move in

Coinbase said it will launch onchain U.S. stocks fully backed 1:1 by underlying shares, enabling real-time trading, redemption and automatic dividend distribution, distinguishing the product from derivative-style offerings seen on platforms such as Binance. Robinhood and Kraken are also accelerating their pushes into onchain equity access. The move advances the shift toward 24/7 stock trading and could improve global liquidity and price discovery for Nasdaq index constituents. The U.S. SEC is exploring compliance frameworks, and Coinbase’s fully reserved approach positions it early in regulatory discussions.