Summary

• Move would let Coinbase offer stock trading via blockchain
• Digital tokens would represent ownership of securities
• Proponents say tokenized equities could cut trading costs

Coinbase is seeking a green light from the U.S. Securities and Exchange Commission to offer "tokenized equities" to its customers, the crypto exchange's chief legal officer said in an interview with Reuters.

If granted, the move would allow Coinbase to effectively offer stock trading via blockchain technology, placing it in direct competition with retail brokerages such as Robinhood and Charles Schwab and could open an new business segment for Coinbase.

...read more at reuters.com