Coinbase, the leading U.S. crypto exchange, is pursuing regulatory approval from the SEC to launch tokenized equities, which would allow trades of fractional shares on blockchain technology. This initiative could transform trading by enabling 24/7 access to equity markets, competing with traditional brokerages like Robinhood and Charles Schwab. Senior legal officer Paul Grewal stressed that this is a significant priority for the firm, indicating ongoing efforts to advocate for a regulatory framework for digital assets through a detailed response submitted to the SEC earlier this year.
Coinbase is seeking SEC approval to offer tokenized equities, aiming to compete with retail brokerages and facilitate 24/7 trading using blockchain technology.
Paul Grewal emphasized that tokenized equities are a priority for Coinbase, highlighting ongoing discussions with the SEC about regulating digital assets.
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