Coinbase would be looking to offer tokenized actions in the United States: Report

By Hannah Pérez

Coinbase seeks to transform the US shareholding market by requesting the approval of the SEC to offer traditional Blockchain actions, according to report.

***

• Coinbase would be looking for the permission of the S to list tokenized actions.
• Tokenized actions are a “great priority” for Coinbase, said the legal director of Coinbase.
• If approved, it could mark a milestone in the institutional adoption of tokenized assets in the US.

---

Cryptocurrency exchange Coinbase is betting on the innovation of traditional finance with technology Blockchain with the integration of tokenized actions to its platform.

According to a report of Reuters, Coinbase You are looking for permission from the US stock and values ​​commission. UU. (sec) to offer the negotiation of versions in Blockchain of actions of the US stock market to its local clients.

Paul Grewal, legal director of CoinbaseI would have advanced the plans to that newspaper identifying the tokenized offer as a “Great priority“For the companywithout providing an attempt for launch, according to the report.

Tokenization, an increasing trend within the financial sector, consists of converting real -world assets, often financial instruments such as actions or bonds, in digital representations —tokens – housed on a Blockchain.

Defenders claim that tokenized actions can offer greater accessibility to users, allow faster settlement and facilitate negotiation 24 hours a day without friction. This potential to revolutionize the inherited processes of the traditional financial system has made tokenization one of the hottest issues on Wall Street.

The goal of Coinbase It would be to allow users to negotiate stock actions of companies that are quoted in the stock market, that is, digital representations of, for example, Tesla (Tsla) or Nvidia (NVDA), all under regulatory compliance.

Coinbase expects “letter of non -action” of the sec

Tokenized actions are not yet available for negotiation in the United States, but several companies are experiencing with the concept, with the intentions of offering them for investors in the North American nation, as the report details.

Last month, Krakenthe exchange of rival cryptocurrencies of Coinbaseannounced the launch of American shares tokens, called Xstocks, which will be available for customers in selected markets outside the United States.

According to Reuters, Coinbase I would need to receive a “non -action letter“Or an exemption from the SEC, in which the Securities Regulator undertook not to take legal actions against the company, depending on offering tokenized actions. This is because, normally, companies that offer the negotiation of securities must be registered as stock market agents.

Coinbase It is not registered as a stockbroker in the United States, and the SEC demanded the company in 2023, during the administration of former president Joe Biden, claiming that he operated as such an entity without the due record before the agency. The SEC, under the administration of President Donald Trump, dismissed that claim this year.

A letter of non -action of the SEC would offer “some confidence, some peace of mind“ still “Tokenized shares or a platform that wishes to offer secondary operations with those actions“, Grewal declared Reuters.

Grewal did not specify if Coinbase He already submitted a formal request to the SEC or when a possible release could occur.

Traditional cryptocurrencies and finance

In case you materialize the tokenized offer, Coinbase He would put himself in direct competition with traditional Fintech platforms such as Robinhoodknown for creating accessibility to traditional stock market investments. Although it would provide an advantage over those businesses, since its market based on Blockchain It would not have time restrictions for operations.

In March, Coinbasewhich quotes his actions in Nasdaq, had announced that he was taking up his effort to tokenize his own Coin actions as part of a broader impulse to take security tokens to the US market, an initiative that tried for the first time years ago but abandoned due to regulatory obstacles.

The efforts of Coinbase They seem to be part of a broader movement from the companies of the cryptocurrency industry to expand towards traditional finances. They also occur at a key moment of favorable regulatory changes for the sector.

A few weeks ago, Kraken He announced plans to offer his clients access to shares and ETF quoted in the United States market.

These advances could mark the beginning of a paradigm shift for cryptocurrencies and their merger with traditional financial markets, representing a new stage for both the industry and for the investors of the sector.

---

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.