Coinbase requests the approval of the American Commission for Securities and Exchange (SEC) to launch the trading of tokenized actions, a decision which could extend its activities on the territory of traditional brokerage companies.
The legal director of the Crypto Exchange, Paul Grewal, told Reuters that Coinbase aims to offer digital stock versions – called tokenized actions – which would trade on blockchain networks rather than through conventional exchanges. The model could allow 24 -hour exchanges, reduce transaction costs and eliminate compensation intermediaries.
However, the coming road depends on how the dry reacts. Coinbase seeks to secure a letter without action or an exemption from the application, which would both provide regulatory coverage to offer these products in the United States
The push marks a strategic change for Coinbase, which already has a broker license via a sleep affiliate. If the initiative succeeds, it could position the company alongside retail sales pruning such as Robinhood (Hood) and Charles Schwab (SCHW), which are aimed at a similar investor base, as well as an Crypto Exchange Kraken.
Tokenized actions are not yet legal to exchange in the United States, but platforms like Kraken are driving such offers abroad. The moment of Coinbase aligns with a more friendly regulatory climate under the new president of the Sec, Paul Atkins; The agency has abandoned several proceedings related to cryptography and implemented a working group dedicated to digital assets.
However, Grewal refused to say if Coinbase had officially made his request. The confidence that comes from the clear directives of the dry has been missing, he said.
“Exciting? Yes. Importantly? Absolutely. But the news that should not say exactly. We have said since earlier this year that the dry should allow markets to unlock token titles,” Grewal published on social networks.
“The token debt, equity and investment funds have an opportunity for tailor -made regulations for securities that are offered and negotiated via digitally native methods.”
