Basri Caneri Coinbase, one of the leading platforms in the cryptocurrency world, is re-launching its securities tokenization plans that could radically transform financial markets. This step aims to make stock trading more accessible, efficient and transparent by bringing together traditional finance and blockchain technology.
Coinbase’s Tokenization Journey
Coinbase first raised the idea of moving securities to the blockchain in 2020. One of its goals at the time was to offer its own shares as blockchain-based tokens during the IPO process. However, regulatory uncertainties with the US Securities and Exchange Commission (SEC) led the company to go public in April 2021 through a more traditional direct listing.
Although the tokenization plan was put on hold, it has always been an important part of Coinbase’s long-term strategy.
What’s the Reason for the Resurgence?
Behind Coinbase’s reconsideration of this move lies a more favorable regulatory environment. Recently in the US, policies on crypto assets have taken a more moderate line, opening the door to financial innovations. The SEC’s more open attitude towards the crypto market and the development of new rules allow the company to accelerate its plans for tokenized securities.
Coinbase’s Chief Financial Officer Alesia Haas said, “US regulators now seem more open to exploring blockchain-based financial products. This creates new opportunities for innovation.”
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