Coinbase Revisits Launch of Tokenized Securities Trading

Coinbase plans to launch trading of security tokens in the United States and offer other crypto products, pending approval from the SEC. This was stated by the platform’s CFO, Alesia Haas, as reported by The Block.

The plans emerged following discussions of initiatives with the agency’s digital assets task force led by Hester Peirce.

The structure has adopted a more industry-friendly stance regarding crypto ETFs and oversight.

When Coinbase went public through an IPO, its initial S1 filing mentioned the possibility of issuing tokenized stocks. The company later abandoned such plans due to regulatory pressure.

Haas expressed optimism that the platform could “resume such conversations.”

“I am excited to see innovation in the U.S. and to bring more assets onto the blockchain for more efficient trading,” she explained.

In a conversation with The Block, a representative of the exchange noted that the leadership is considering various options for implementing tokenization in TradFi to “enhance their efficiency and accessibility.”

Coinbase has developed “Legislative Principles for Security Tokens” and implemented a digital asset monitoring program.

Coinbase CEO Brian Armstrong noted that tokenized securities would allow trading 24/7.

The top executive will participate in the upcoming crypto summit featuring industry and U.S. regulatory representatives.

Back in November, Bitfinex Securities’ Chief Operating Officer Jesse Knutson outlined the conditions for the growth of the RWA segment.