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Coinbase is restarting plans to tokenize its COIN shares and other securities

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2025-03-05 20:21:33
Coinbase is restarting plans to tokenize its COIN shares and other securities in the U.S. after the Securities Exchange Commission formed a new cryptocurrency task force. The plan was first attempted in 2020 but abandoned due to regulatory hurdles. With the SEC's new cryptocurrency task force, 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 crypto products that are widely adopted in the international market to the US market, and expects to see more assets on the chain to be traded in a more efficient manner. Security tokens operate in a similar manner to traditional securities, but trading on the chain can provide investors with voting rights and profit-sharing mechanisms, while improving transaction efficiency.
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