Coinbase seeks SEC approval to offer tokenized equities via blockchain, potential positive for stock market.

From Yahoo Finance: 2025-06-17 10:12:00

Coinbase is seeking SEC approval to offer “tokenized equities,” allowing stock trading via blockchain technology, competing with Robinhood and Charles Schwab. Tokenizing equities converts company shares into digital tokens for faster trading. Critics cite liquidity and global standards as challenges. SEC response pending. Coinbase may need a “no action letter” or relief to offer in the US.

Tokenized equities not yet available in the US, but Kraken is launching xStocks outside the country. To offer in the US, Coinbase needs SEC approval due to past legal issues. No-action letter would provide confidence for SEC compliance. Grewal did not confirm if Coinbase submitted a request or timeline for launch.

Coinbase’s move aligns with Trump’s crypto-friendly policies, as SEC drops lawsuits against crypto companies. Trump’s regulators aim to create new rules for digital assets. Industry leaders have been hosted at the White House, boosting cryptocurrency values. SEC under Trump has been favorable towards the crypto industry, including Coinbase.



Read more at Yahoo Finance: Coinbase seeking US SEC approval to offer blockchain-based stocks