#Coinbase Seeks #SEC Approval for Tokenized Stock Trading Platform


America's largest crypto exchange is prioritizing securing regulatory approval for #blockchain-based equity trading.


Chief Legal Officer Paul Grewal called tokenized securities a "huge priority" for the exchange's expansion plans.


Tokenized stocks would represent company equity trading on blockchain networks, with potential 24/7 availability.


The approach could deliver lower transaction costs compared to traditional equity markets.


SEC Acting Chair Mark Uyeda previously indicated openness to regulatory sandboxes for #crypto exchanges to experiment with new offerings.


Commissioner Hester Peirce leads the SEC's crypto task force exploring innovation exemptions for #DeFi builders.


Kraken already announced plans to offer over 50 U.S.-listed stocks and ETFs to overseas customers using the $SOL blockchain.


The Trump administration's crypto-friendly stance has encouraged exchanges to pursue previously restricted financial products.

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June 18, 2025 at 4:02 PM
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