Coinbase launches equity token for customers outside the US

America’s largest cryptocurrency exchange, Coinbase, is going global, offering token shares to global customers.

Coinbase plans to launch tokenized stock trading in August for customers outside the United States, according to an announcement on Tuesday.

The token shares will be backed 1:1 by the underlying asset and will represent “real stock ownership.” male. This includes dividends and full shareholder rights, along with the “programmatic benefit of the on-chain economy.”

Pre-IPO PERPs Rise

The product combines traditional stocks with the flexibility of crypto, where traders can access stock markets outside of business hours. He stated that token shares can also be loaned out to generate returns, deployed as collateral for a loan, or transferred to other users.

“Our product will provide all the benefits of real ownership, with all the benefits of a tokenized asset. This is a great step toward opening global access to US markets.” He said Coinbase CEO Brian Armstrong.

Coinbase also announced that it will roll out options trading for cryptocurrencies and stocks, directly on the exchange. Options are derivative contracts that give the holder the “option” to sell at the strike price, rather than futures contracts, which are fixed.

The company also offers perpetual real asset (RWA) futures, with targeted exposure to equity indices such as AI, China, defense and technology.

Its recently launched pre-IPO programs also provide early exposure to high-interest companies before they hit public exchanges, starting with SpaceX, but soon to include Anthropic and OpenAI.

Pre-IPO perpetual futures contracts have gained popularity over the past couple of months, leading up to SpaceX’s IPO last week. According to CryptoQuant, trading volumes across leading exchanges have risen 1,100% since the beginning of May to around $12 billion, with Binance dominating market share.

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Pre-IPO perpetual trading volume rose from $2 million in March to $12 billion as of June.

Binance alone now controls 83% of the market. pic.twitter.com/jTZIgqv4wS

— CryptoQuant.com (@cryptoquant_com) June 16, 2026

Token shares make up just 5% of the total on-chain RWA token value, according to RWA.xyz, at about $1.5 billion. Ondo is currently the largest tokenized stock platform by market share, at 59%, followed by xStocks at 32%.

Coinbase Boss Puts Pressure on Banks

Brian Armstrong He said on Fox News on Tuesday that major banks are trying to undermine the president’s cryptocurrency agenda.

He added: “They (banks) are trying to protect their profit margins, and take money out of the pockets of hard-working Americans.”

Banks oppose cryptocurrency legislation over stablecoin returns, which far exceed most interest rates offered by major banks. They fear there will be a deposit flight, as savers seek to make profits from their capital rather than leave it devalued in the bank.