Coinbase has announced the launch of its first batch of 1:1 physically backed tokenized US stocks, allowing users to hold, trade, and redeem actual shares on-chain. This new offering enables investors to automatically receive dividends, distinguishing it from previous tokenized stock products that were based on derivatives or IOUs. Currently, the product is available only in compliant jurisdictions outside the United States. Further details are expected to be revealed at a launch event scheduled for this afternoon Eastern Time.