Coinbase Set to Unveil Tokenized Stocks Outside the US Soon

TLDR

• Coinbase will launch tokenized stock trading for non-US customers in August.
• Tokenized stocks will be backed 1:1 by underlying shares and include shareholder rights.
• Holders will receive dividends and gain access to extended trading hours.
• Coinbase will also introduce stock and crypto options trading on its platform.
• The exchange plans to launch RWA perpetual futures tied to equity sectors.

Coinbase will introduce tokenized stock trading for customers outside the United States in August. The exchange said the product will provide direct equity ownership while using blockchain infrastructure. Coinbase also confirmed plans for stock and crypto options trading alongside new real-world asset futures products.

Coinbase Expands Access to Tokenized Stocks and Equity Trading

Coinbase announced that non-US customers will gain access to tokenized stocks beginning in August. The company said each tokenized stock will have a 1:1 backing with the underlying equity. Holders will also receive dividend payments and shareholder rights tied to those assets.

The exchange stated that the product combines traditional equities with onchain functionality. As a result, users can access stock markets beyond standard trading hours. They can also transfer tokenized assets between users on supported networks.

Coinbase said tokenized stocks can serve several purposes beyond trading. Users can lend assets to earn yield and use them as collateral for loans. The company stated that these functions will operate alongside direct ownership rights.

Armstrong added that the service aims to expand access to US markets globally.

Coinbase Tokenized Stocks Join Broader Product Rollout

Coinbase also announced plans to launch options trading for both stocks and cryptocurrencies. The exchange said options contracts will allow traders to buy or sell at predetermined strike prices. This offering will sit alongside its existing trading products.

The company further revealed plans for real-world asset perpetual futures. These contracts will target sectors including artificial intelligence, China, defense, and technology. Coinbase said the products will provide exposure to selected equity indexes through perpetual futures markets.

At the same time, Coinbase continues expanding its pre-IPO perpetual futures lineup. The company launched the product with exposure to SpaceX before its public listing. Coinbase said future listings will include Anthropic and OpenAI.

CryptoQuant reported strong growth in pre-IPO perpetual futures activity. According to the firm, trading volumes increased 1,100% since early May. Total volume reached about $12 billion, while Binance accounted for the largest share.

Market Data Highlights Growth of Tokenized Equities

Data from RWA.xyz shows tokenized stocks account for roughly 5% of total tokenized real-world assets. The sector currently holds around $1.5 billion in onchain value. Ondo leads the market with 59% share, while xStocks holds 32%.

Armstrong also discussed crypto policy during a Fox News interview on Tuesday. He said large banks are attempting to challenge the administration’s crypto agenda. According to Armstrong, banks want to protect existing profit margins.

His comments focused on debates surrounding stablecoin yields. Banks have raised concerns that higher returns on stablecoins could attract deposits away from traditional savings accounts.

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