Coinbase (COIN) is seeking approval from the U.S. Securities and Exchange Commission, SEC, to offer ‘tokenized equities’ to customers, Hannah Lang of Reuters reports, citing comments made by the company’s Chief Legal Officer. If granted, this would allow the company to offer stock trading via blockchain technology, placing it in competition with retail brokerages such as Robinhood (HOOD) and Charles Schwab (SCHW).
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- eToro (ETOR) Posts Strong Public Debut with Social-First Spin on Crypto Trading
- U.S. Senate passes bill to set up stablecoin regulatory framework, Axios says
- JPMorgan testing deposit token on Coinbase-linked blockchain, Bloomberg reports
- Coinbase (COIN) Looks to Break into Stock Trading with ‘Tokenized Equities’
- Coinbase initiated with a Buy at China Renaissance