Coinbase is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch tokenized stock trading, a move that could expand its business into the territory of traditional brokerage firms.
The crypto exchange’s chief legal officer, Paul Grewal, told Reuters that Coinbase aims to offer digital versions of stocks — known as tokenized equities — which would trade on blockchain networks rather than through conventional exchanges. The model could allow round-the-clock trading, reduce transaction costs and eliminate clearing intermediaries.
However, the road ahead depends on how the SEC responds. Coinbase is looking to secure either a no-action letter or an exemption from enforcement, both of which would provide regulatory cover for offering these products in the U.S.
The push marks a strategic shift for Coinbase, which already owns a broker-dealer license through a dormant affiliate. If the initiative succeeds, it could position the company alongside retail brokerag
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