Reported about 13 hours ago
Coinbase is attempting to obtain approval from the U.S. Securities and Exchange Commission (SEC) to offer 'tokenized equities' to its users, which would enable stock trading through blockchain technology. The chief legal officer, Paul Grewal, emphasized the importance of this move, stating it could lower trading costs and facilitate faster transactions. However, concerns about market liquidity and regulatory standards remain. Currently, tokenized equities are not available for trading in the U.S. and Coinbase would require SEC approval to proceed.
Source: YAHOO