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Exchange

Coinbase

Coinbase's tokenized stocks are still not live — announced for non-US users, with 1:1 backing and dividends promised. What Coinbase did launch (August 2026, UK) is trading in real US-listed stocks via the traditional brokerage system — a separate, non-tokenized product.

Tokenized stockA blockchain token that represents a share held by a custodian. You own the token/certificate, not the share directly.Upcoming

What you actually own on Coinbase

Not available yet. Coinbase announced tokenized stocks for non-US users in June 2026, promising tokens backed 1:1 by the underlying shares with dividend payouts — but as of our last review the product has not launched, and the issuer, custody and country details remain unconfirmed.

Do not confuse it with what Coinbase did ship: in August 2026 it launched trading in roughly 4,000 real US-listed stocks for UK users — conventional securities bought through the traditional brokerage system, commission-free and in fractional sizes. Those are real shares, not tokens; the tokenized product is a separate, still-pending offering. We will update this hub with the confirmed ownership model once tokenized trading goes live.

Learn what you own first

Key facts at a glance

Product type
Tokenized stock (announced)
Status
Announced June 2026 — not live yet
Audience
Non-US users
What you own
Promised: token backed 1:1 — to be confirmed
Backing & custody
Not yet confirmed
Separate product
Real US stock trading for UK users (Aug 2026) — not tokenized

How it works

Coinbase has signalled a tokenized-stock product aimed at users outside the US, framed around 1:1 backing, dividends and around-the-clock trading. No tokenized trading is live at the time of writing, so the mechanics below the headline remain to be confirmed.

The UK stock-trading launch (August 2026) works differently: orders route through a regulated broker chain and settle as conventional securities. It is the same 'real share' model as Binance Stocks, not a tokenized one.

Pros

  • Backed by a large, US-listed regulated exchange
  • Aimed at non-US retail access
  • Likely strong liquidity at launch

Cons

  • Not live yet — no confirmed details
  • Tokenized, so unlikely to confer direct ownership
  • US users are not included

Coinbase FAQ

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Stocks on Crypto Research· Editorial team

Our research team tracks how crypto exchanges list equities and what each product legally represents — real shares, tokenized stocks, CFDs and tokenized RWAs. We test platforms and read the fine print so you know exactly what you own.

How we research and verify

Last reviewed on August 7, 2026

Understand the model first

Real Shares vs Tokenized Stocks vs CFDsThe difference between owning a real share, a tokenized stock, and a CFD — and why it changes your rights, risks and taxes.
What Are bStocks? Binance's Tokenized Stocks ExplainedbStocks are Binance's tokenized stocks: each token tracks a real share 1:1, but you don't own the share. What you get, what you don't, and how they differ.
What Are xStocks? Tokenized Stocks on Solana, ExplainedxStocks are tokenized stocks by Backed Finance: SPL tokens on Solana, each backed 1:1 by a real share. What you own, rebasing dividends, and where they trade.
What Is Ondo Finance? The RWA Issuer ExplainedOndo Finance is the company that issues tokenized assets — not an exchange. Its two product lines, who backs it, the ONDO token, and what you actually own.
Are Tokenized Stocks Legal?Tokenized stocks are legal but regulated in most major markets. The honest answer depends on where you live and which product — here's the 2026 picture.