Coinbase Debuts 1:1 Tokenized Stocks with Automatic On-Chain Dividends

Summary

• Coinbase will offer 1:1 backed tokenized U.S. stocks to non-U.S. users next month, complete with on-chain ownership, trading, and dividend payments.
• First Block completed the first Solana-based equity security token offering for a U.S. medical device company on June 17, 2026.
• Both initiatives mark early production deployments of tokenized equities on public blockchains while remaining limited by geography and evolving rules.

Coinbase will launch tokenized U.S. stocks for non-U.S. customers next month. The exchange backs each token 1:1 with real shares. Users gain direct ownership, trading, holding, and on-chain dividend payments.

The move lines up with fresh action on Solana. First Block, Onpharma Company, and Crito Capital closed the first equity security token offering for a U.S. operating business on June 17, 2026.

These steps show institutions moving tokenized securities from experiments to live products on public chains.

Context

Tokenized equities bring traditional stock ownership onto blockchains. Settlement, trading, and income distribution happen automatically. Prior efforts stuck to private chains or synthetic exposures.

The June 2026 announcements shift activity to public networks with direct claims on real company equity. Coinbase framed its upcoming release as delivering true ownership rather than derivatives.

First Block positioned its Solana token as the initial STO tied to an active U.S. medical device firm. Both projects operate under current limits that exclude U.S. retail customers. Regulators continue to refine rules for security tokens.

Details

Coinbase stated that the tokens will represent direct equity positions. Dividends will flow automatically on-chain. The exchange stressed 1:1 backing and full transferability within supported wallets.

Launch timing targets non-U.S. users only.

"the first real, 1:1 backed tokenized stocks are coming."

, Coinbase (CoinDesk)

On June 17, 2026, First Block announced completion of the Solana STO for Onpharma. The offering lets holders own equity in the U.S. medical device business and receive rights through the token. Multiple outlets carried the announcement and confirmed the milestone for the Solana network.

• Users can trade and hold the tokenized positions on-chain.
• Dividend flows are handled automatically by the token contract.
• Access remains restricted by jurisdiction.

Outlook

Coinbase plans to open the tokenized stock service to eligible non-U.S. customers in July 2026. First Block and its partners will monitor secondary trading and compliance on Solana. Both efforts will test how public chains handle ongoing regulatory requirements for security tokens.