Coinbase CEO Clarifies Stock Token Backing as 100% Secured by Actual Shares

Coinbase CEO Brian Armstrong clarified that the company's stock token service is secured 100% by actual shares, not synthetic assets or debt securities. The tokens can be redeemed for underlying stocks and support dividends, with plans to add voting rights functionality in the future. He emphasized this would allow global investors and institutions to access the $70 trillion U.S. stock market.