COIN Tokenized Stock Brings Underlying Exposure to Solana

Coinbase Global (Backpack Securities), also known as COIN, is a tokenized stock issued via Backpack Securities on Solana. This means that each token is redeemable for the corresponding underlying security entitlement through Backpack Securities.

Holders of COIN receive economic exposure to the underlying stock, including price performance, dividends, and applicable corporate actions. The token can also be transferred and traded on Solana.