Briefly
- Coinbase, the biggest American crypto exchange, said she hoped that the approval of the regulator to launch tokenized shares would be.
- In May, SEC said she was interested in such an idea.
- Tokenized shares would mean that the capital at the company can move to Blockchain.
American Crypto Exchange Coinbase’s largest Crypto Exchange hopes to offer trading services for tokenized shares soon, according to a Reuters An interview with the headmaster of the company published on Tuesday.
Paul Growal said That it was a “huge priority” by Coinbase to ensure the approval of SEC to allow such assets to allow trade. In one post after that, Grewal said he only echoed the position of the coin published this spring.
“We said since earlier this year [the SEC] It should allow markets to unlock tokenized value papers, “he wrote.
Decipher Coinbase came up for additional comments, but a spokesman pointed to the X -Post Grewal as his comment on the matter.
If approved, shares such as technological shares would be tokenized and offered through a blockchain network, which could lead to lower transaction costs and 24-7 trading, Gown said. Tokenized stock is a digital asset that represents capital in the company.
Decipher in April reported These Sec -Directors at the Round Table of Digital Property said that the Agency would be open to a sand box with a crying exchange box to experiment with new offers. That could include things like token’s supplies, said then -president of SEC Mark Uyed.
Commissioner Hester Peirce, who runs a new work group for cryptocurrencies, said “the companies that participate could see what was acting and what not, technically and commercial.”
Just last week, SEC President Paul Atkins confirmed that perspective, noticing Plans for “Innovation Exemption” To define builders to experiment on a chain with new products. The news was well accepted by traders, because Ethereum defined tokens widened widely after comment.
SEC Under the new Trump administration, he occupied the position of more cryptocurrencies. Under the democratic leadership of former President Joe Biden, the regulator started after top crypto companies with lawsuits for alleged violation of the Securities Law.
But since US President Donald Trump took the post on January 20th, SEC is embedded Numerous those lawsuits. Trump advocated the map to help the digital property space and received financial support from the leader of the industry.
Coinbase is not the only American exchange planning that offers tokenized shares. Kraken in May said They will soon offer over 50 shares with censuses in the US and on the stock market for days foreign customers using Saltworks Blockchain.
Edited James Rubin
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