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SiknbaseIn the United States, the proposal of the “Tokenized capital” proposal on the platform “Tokenized Capital” on the platform, the company’s role-like retail brokers will be approved by a movement and the regulation of action and Charles Schwab.
Paul Grewal, Chief Officer Siknbaseexplained Reuters The company has been looking for a progress from the Security and Exchange Commission for the new product, added that the significant capital is “great priority”.
When I want additional comment, Coinbase confirmed the lucky news and pointed to something extra Social media post They wrote, “Exciting? Yes. @Secgov Must allow markets to unlock tokenized securities. Tokenized debt, capital and investment funds, for securities and the digital native methods, offer an opportunity for the regulation for securities. ”
Grewal followed that With the link Coinbase will be able to access the public about how to adjust the Crypto space until a SEC request of a SEC request. The company’s 41-page response to seconds is aimed at the progress of discussions around Tokenized capital among other things.
SEC did not respond immediately FortuneRequired for comments.
“Tokenized capital“A stock of an investment product in a stock Society Company is converted to a Digital Token It could be traded with a blow, as if it was a form of cryptist. This would allow customers to trade these “capital”, as these “shares” trade operations can occur in the regular wall street, but also on any time of the day.
Tileyize capital is a long time for the coin base. The company initially tried to bring the same year to the market in 2021, giving a tokenized version of Coinbase’s General Financial Worker Alesia Haas in the same year gossip in March this year. The plan added that this will renew the coin base, under a different presidential leadership, which was suspended by Gary Gensler, Biden-ERA SEC chairman, but the crew base, covenant.
“Now I believe that our US regulators are looking for a product innovation and are looking forward to advancing forward,” he said. “Now I was alarmed that we could not put forward security signs, Let SEC re-activate with the task team.”
Most companies offering securities trading must be registered as brokerage vendors such as Morgan Stanley’s e * trade or loyalty. A way to get approval to offer the secin tokenized capital is to demand “no action letter”. This would be a way for Sekin to protest against Tokenized securities or recommend an application measure.
“With no action letter, a tokenized capital of a tokenized capital or a platform that wants to offer secondary trading in those capital, a little convenience, this product has accepted why this product is compatible,” he said.
Coinbase is not clear whether “no action letter” or some other legal means to get approved for securities to tileyized.
