Coinbase unveiled tokenized US stocks backed one-for-one with automatic dividends, alongside options trading, pre-IPO and thematic perpetual futures, an SEC-registered AI advisor, and a USDC-backed credit card, in a sweeping push to become an “everything exchange.”
Posted June 17, 2026 at 5:49 am EST.
Coinbase unveiled a broad suite of new products on Tuesday spanning stocks, derivatives, artificial intelligence, and consumer finance, with tokenized US equities as the centerpiece of its push to become what the company calls an “everything exchange.”
The exchange said it plans to introduce tokenized stocks backed one-for-one by underlying US equities, allowing users to own, trade, hold, and redeem shares onchain while automatically receiving dividends. CEO Brian Armstrong positioned the product against the rest of a crowded field: “For the first time, these are real 1:1 backed tokenized stocks you can trust. You own an actual piece of the company onchain.” He argued that many existing tokenized-stock offerings are structured as derivatives or IOUs rather than direct ownership. The tokens will launch first in eligible jurisdictions outside the US, with no date yet set, putting Coinbase alongside Kraken’s xStocks, Robinhood, and Gemini in the race to move equities onto blockchains.
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The tokenized stocks were one part of a much larger “System Update.” Coinbase also said it will offer options trading on both cryptocurrencies and stocks, let customers trade US stocks, ETFs, and indexes, and transfer portfolios from other brokerages, and expand its derivatives lineup with perpetual futures tied to thematic baskets such as artificial intelligence and defense, as well as pre-IPO perps covering private companies like SpaceX, with OpenAI and Anthropic contracts expected to follow.
The company is also leaning into artificial intelligence and consumer finance. It introduced Coinbase Advisor, which it described as one of the first SEC-registered AI-powered investment advisory tools, offering portfolio recommendations and tax-loss harvesting to Coinbase One subscribers in the US, alongside tools that let AI agents execute trades within user-defined limits.
New consumer offerings include a travel portal paying 5% Bitcoin rewards, a USDC-backed version of its Coinbase One credit card, and borrowing against staked Solana through integrations with Jito and Morpho. The breadth underscores CEO Brian Armstrong’s vision of turning Coinbase into a full-service platform competing not just with crypto exchanges but with brokerages, banks, and fintechs.
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