In June 2025, Coinbase announced its plan to seek approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized equities. This move aims to compete with traditional brokerages like Robinhood and Charles Schwab. (Source: Reuters, June 17, 2025)
Coinbase's Chief Legal Officer, Paul Grewal, highlighted tokenized equities as a "huge priority." Tokenized equities convert shares into digital tokens for blockchain trading, potentially reducing costs and enabling 24/7 trading. To proceed, Coinbase needs a "no action letter" from the SEC.
The SEC dropped a 2023 lawsuit against Coinbase in 2025, coinciding with a more crypto-friendly regulatory environment. The SEC has not yet responded to Coinbase's request for comment, but the industry is evolving. (Source: Reuters, June 17, 2025)