Coinbase Seeking SEC Approval for Tokenized Stock Trading in Push To Compete With Robinhood: Report

Description

The top US-based crypto exchange by volume is looking for U.S. Securities and Exchange Commission (SEC) approval of tokenized equities offerings. According to a new Reuters report , Coinbase is in talks with the SEC to offer what is essentially blockchain-based stock trading. In tokenized equities, company shares are converted into digital tokens that represent the securities, similar to how other real-world-based digital assets work already. The benefits of tokenized equities include around-the...