The Coinbase (Coin) action was recently incorporated into S&P 500.
The initiative has “great priority,” said Paul Grewal, legal director of Coinbase.
Coinbase (Coin), the second Bitcoin Exchange and cryptocurrencies with the highest commercial volume, is waiting for the United States Stock Exchange and Securities Commission to allow you to offer tokenized actions to its customers.
If you receive approval, Coinbase can offer tokenized traditional actions, such as Apple, Tesla or Microsoftusing cryptocurrency networks technology. This will allow to provide a more accessible, transparent and efficient form for investors, who will have digital tokens that represent their participation instead of conventional actions.
In this way, follow the steps of platforms such as Robinhood and Charles Schwab (schw.n).
Paul Grewal, legal director of Coinbase, told Reuters That the initiative has a “great priority”, while explaining that to offer tokenized actions, it would need the United States Stock Exchange and Securities Commission to issue “a non -action letter.”
«An issuer of tokenized actions or a platform that wishes to offer secondary operations with these actions can have some confidence, some peace of mind, that the SEC has adopted its point of view on why this product meets the standards. It is that trust that has lacked so far and I think it has really stopped institutional adoption, ”Grewal added.
It should be remembered that on May 19, as Cryptonoticias reported, the Coin action was included in the S&P 500, thus marking a new financial milestone. Now, with the possibility of tokenize those actions, Coinbase seeks to take another step towards integration between traditional markets and decentralized infrastructure.
