Odaily News Coinbase is restarting its plans to tokenize its COIN shares and other securities in the U.S. after the SEC formed a new cryptocurrency working group. The plan was first attempted in 2020 but abandoned due to regulatory obstacles. With the SEC's new cryptocurrency working group, the company sees new opportunities to integrate blockchain into traditional finance.
Coinbase CFO Alesia Haas said during the Morgan Stanley TMT Conference that Coinbase may introduce some widely adopted crypto products in the international market to the U.S. market, and looks forward to seeing more assets on the chain for trading in a more efficient way. Security tokens operate in a similar way to traditional securities, but trading on the chain can provide investors with voting rights and profit-sharing mechanisms while improving transaction efficiency.