The Financial Industry Regulatory Authority (FINRA) has approved Uphold, a mobile payments provider, to acquire the American broker-dealer JNK Securities.
📣 Uphold Update: We’re super excited to announce we’ll be one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors! Read more here 👉 https://t.co/cmkxH8UyOR
— Uphold (@UpholdInc) March 31, 2021
According to пресс-релизу, Uphold will open access to fractional shares by the end of 2021 and will provide users with a solution for trading cryptocurrencies, securities, and precious metals
“The exchange of Bitcoin for Tesla stock in a single convenient user interface will soon become a reality for our clients in the United States. It will provide unprecedented speed and convenience for retail investors looking to trade traditional and new asset classes,” the statement said.
In June 2018, the provider filed with FINRA an application to change the ownership of JNK Securities.
Earlier in 2020, the U.S. Securities and Exchange Commission unveiled rules for broker-dealers in the tokenized-securities space, promising not to sue them provided they comply with the standards.