Odaily Planet Daily News: After the establishment of a new cryptocurrency working group by the US Securities and Exchange Commission, Coinbase is restarting plans to tokenize its COIN stocks and other securities in the United States. The plan was first attempted in 2020, but abandoned due to regulatory barriers. With the SEC's newly established cryptocurrency working group, the company sees new opportunities to integrate blockchain into traditional finance.
Coinbase CFO Alesia Haas stated during the Morgan Stanley TMT conference that Coinbase may introduce some widely used cryptocurrency products from the international market to the US market, and looks forward to seeing more assets on chain for more efficient trading. The operation of security tokens is similar to traditional securities, but trading on chain can provide investors with voting rights and profit sharing mechanisms, while improving trading efficiency.
