Coinbase outlines three models for tokenized equities and claims the ownership crown

Brian Armstrong says Coinbase's 1:1 backed stock tokens set the standard in a market crowded with synthetic alternatives Coinbase has published a breakdown of three models for tokenized equities. It walks through the tradeoffs of each, explains where Coinbase fits, and lays out where the company thinks the industry is heading. The core argument is about ownership. On September 14, 2026, Coinbase CEO Brian Armstrong said the company’s tokenized stocks are the benchmark for genuine ownership. He drew a sharp contrast with synthetic products that track a share price but give holders no actual rights to the share.