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Coinbase Seeks US Approval to Launch Tokenized Stocks, Details
- Coinbase is seeking approval from the SEC to offer tokenized stocks on its platform.
- The platform is planning to provide access to 'tokenized equities' using blockchain technology.
- Tokenized equities will allow users exposure to the US financial markets without directly buying the stock.
- The US SEC has not commented on Coinbase's potential expansion into tokenized equities.
- If approved, Coinbase could become the first platform in the US to offer tokenized equities.
- There has been a shift in the US government's approach towards cryptocurrencies, now more favorable.
- Coinbase is waiting for SEC approval to proceed with offering tokenized equities.
- This move aims to increase institutional adoption by providing compliance and confidence.
- Justin Sun's TRON blockchain is also making moves to take its token TRX to the US stock exchange.
- Partnership deals are now more focused on bridging crypto and traditional financial markets.
- The current buzz in the crypto market is shifting towards equities and stocks.
- The narrative dominating the crypto market is leaning more towards stocks.
- Many partnerships are being forged to integrate crypto into the traditional financial sector.
- The new trend in crypto appears to be the convergence with stocks and equities.
- Coinbase's move may open the door for more exchanges to diversify their offerings in the US market.
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