COINB represents tokenized bStocks that provide economic exposure to Coinbase. Holders have the right to convert these tokens into the underlying security on the Binance.com platform, in compliance with applicable laws. The Issuer fully backs each token with the corresponding equity, which is held at a US-regulated broker-dealer. Investors receive benefits from price movements and dividends, along with the ability to convert tokens to underlying shares at a 1:1 ratio. These assets are tradeable 24/7.