Together seek SEC approval for “Token Stocks”



Cryptocurrency Exchange Coinbase is reportedly looking for a green light from U.S. financial regulators to provide tokenized stock trading to users.

According to a Reuters report on Tuesday, Coinbase’s chief legal officer Paul Grewal, explain The company is seeking Securities and Exchange Commission (SEC) approval to provide “token stocks” and may compete with other trading platforms, such as Robinhood. Greval reportedly said the plan was a “focus” for Coinbase.

As of June, stocks that are not available in the United States (such as stocks). However, digital asset companies in the U.S. have been able to provide similar services to non-residents through partnerships. Crypto Exchange Kraken Announced a plan Token U.S. stock trading was launched in May.