Coinbase Goes Full TradFi Channel: 1:1 Tokenized NVDA, GOOG, MSTR, BMNR, SPCX Incoming 🚀

Coinbase announced plans to launch 1:1-backed tokenized stocks on its platform, giving users onchain exposure to shares of U.S. companies including SpaceX (SPCX), Nvidia (NVDA), Google (GOOG), Strategy (MSTR), and Bitmine (BMNR). The exchange disclosed the move in an X post, describing the upcoming offering as "the first real 1:1-backed" tokenized stocks available to its users.

According to Coinbase, the tokenized shares will let users trade, hold, and redeem the assets onchain while automatically receiving dividends. The exchange emphasized that the products "are not derivatives or IOUs," distinguishing them from synthetic or contractual alternatives offered elsewhere in the market. The launch forms part of Coinbase's broader "Everything Exchange" strategy, which has already expanded into prediction markets and is slated for its next phase on June 16, per a prior CoinGape report.

The rollout arrives amid a broader tokenization push across the crypto industry, with exchanges racing to bring traditional equities onchain. The trend was particularly visible last week during the SpaceX IPO, when multiple crypto firms introduced tokenized share products tied to the private aerospace company's listing.

Coinbase said additional product announcements are scheduled for today at 3 PM E.T. The exchange's parent, COIN, traded down less than 1% following the announcement.