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Coinbase wants SEC to greenlight tokenized stock trading
Coinbase (Nasdaq: COIN), the largest U.S. crypto exchange, is seeking regulatory authority from the Securities and Exchange Commission (SEC) to offer tokenized equities, a move that could position it to compete with Robinhood and Charles Schwab. Coinbase's Chief Legal Officer, Paul Grewal, said in a Reuters interview that the concept is a "huge priority." Tokenized equities means taking a traditional share of a company and converting it into digital tokens that are traded on the blockchain. Advocates argue that this reduces brokerage fees, speeds up settlements, and enables individuals to trade 24/7. But there are ... (full story)