Coinbase Moves to Put Stocks on the Blockchain

Coinbase is seeking SEC approval to tokenize stocks and trade them on the blockchain. If approved, Coinbase would become a direct competitor to brokerages like Robinhood or Schwab, and open up a whole new business area for the exchange.

According to Coinbase's Chief Legal Officer Paul Grewal, this is their number one priority. Currently, the company has not revealed whether they have officially filed or not, but they are looking to get the SEC to commit not to touch them so they can freely experiment. $BTC