Coinbase Revives Plans for Tokenized Securities in the U.S.

Coinbase is once again setting its sights on tokenized securities, aiming to integrate traditional financial assets with blockchain technology in the U.S. market.

This initiative, which the company first attempted years ago, could reshape how stocks and other securities are traded digitally.

The exchange is reportedly considering issuing its own stock as a blockchain-based token. This move comes as regulatory attitudes in the U.S. show signs of shifting, with the current administration signaling a more open stance on digital assets.

Despite facing legal battles with the U.S. Securities and Exchange Commission (SEC), including an ongoing lawsuit, Coinbase sees a renewed opportunity. The SEC’s recent actions, including the formation of a dedicated crypto task force, suggest an evolving regulatory landscape—one that may finally allow for security token offerings.

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Coinbase’s ambition to tokenize securities isn’t new. In its 2020 S-1 filing, the company explored launching its own security token, an effort that ultimately stalled due to regulatory barriers. Speaking at Morgan Stanley’s TMT Conference, CFO Alesia Haas reflected on these challenges, noting that despite initial attempts to take Coinbase public via a tokenized stock, regulatory restrictions forced them to abandon the plan.

Now, the company is re-examining ways to bring blockchain-based securities to the mainstream. A source familiar with the matter indicated that Coinbase is developing new strategies to introduce tokenization for traditional assets like stocks, aiming to enhance efficiency and accessibility in financial markets.

Source

Alexander Zdravkov