Coinbase said it will roll out tokenized stocks for non-U.S. users in July, beginning with fully 1:1-backed tokenized shares linked to SpaceX, Nvidia, Google, Strategy and Bitmine. The exchange said users will be able to buy, hold, trade and redeem the on-chain shares and automatically receive corresponding dividends, describing the product as neither a derivative nor an IOU but a one-for-one mapping to underlying shares. The announcement came as part of a broader "System Update" that also included Coinbase Advisor, an SEC-registered in-app advisory service, options trading, stock portfolio transfers, a global unified liquidity model, and other products as Coinbase pushes to diversify beyond core transaction fees.