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SEC Policy Allows Tokenized Stocks, Intensifying Brokerage Competition

Steady: 0 in the last 7 days Updated oct 13

The latest in this situation

  1. Armstrong endorsed SEC reforms supported by Peirce, and Ondo introduced blockchain exposure to pre-IPO.
  2. The SEC granted a temporary exemption allowing tokenized securities venues to use Automated Market Makers for trading tokenized stocks.

How it started

24 reports, 24 independent, last reported Jul 3. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 24 independent outlets

The U.S. Securities and Exchange Commission is preparing a policy that could allow crypto companies to offer blockchain-based versions of publicly traded stocks, known as tokenized stocks. This policy includes a temporary exemption allowing tokenized securities venues to use Automated Market Makers for trading. Coinbase plans to launch tokenized stocks in the United States once regulations permit.

From tennesseedaily.com, chinanationalnews.com

Why it matters

Some supportBrind's analysis of the reports

Tokenized stocks track conventional shares but trade on blockchain networks, offering potential benefits like around-the-clock trading, faster settlement, and lower transaction costs. This shift is expected to reshape equity markets and intensify competition with traditional brokerages.

From tennesseedaily.com, chinanationalnews.com

Who's involved

  • Member of the United States Securities and Exchange CommissionThe regulatory body preparing policies regarding tokenized stocks and market structure.
  • CoinbaseAn American company preparing to launch tokenized stocks in the US market.
  • Hester PeirceA Commissioner of the SEC who has discussed the strength of U.S. capital markets.
  • AtkinsThe SEC Chair who is expected to introduce an innovation exemption for digital asset models.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CoinbaseSpeculative

    Coinbase could open new revenue streams by launching tokenized stocks under the new regulatory framework.

How it developed

Newest first. Tap a step to see who reported it.
  1. Armstrong endorsed SEC reforms supported by Peirce, and Ondo introduced blockchain exposure to pre-IPO.Sub-event
  2. The SEC granted a temporary exemption allowing tokenized securities venues to use Automated Market Makers for trading tokenized stocks.Sub-event
  3. Interactive Brokers and OKX are competing against traditional brokerages by offering tokenized stocks with fee discounts and different risk profiles.Sub-event
  4. Atkins' regulatory exemption allows crypto firms to test new models and compete with traditional brokerage giants.Sub-event
  5. Coinbase is preparing to launch tokenized stocks in the US market.Sub-event
  6. SEC policy may permit crypto firms to offer tokenized stocks.1 source
  7. Atkins' policy allows crypto firms to test new models, affecting traditional brokerages.1 source
  8. Coinbase and Better are developing crypto-backed mortgages, though US market access remains restricted by specific regulations.Sub-event
Show 2 earlier steps
  1. SEC policy could allow crypto companies to offer tokenized stocks.1 source
  2. SEC is preparing policy regarding tokenized stocks and their impact on the brokerage industry.1 source

Keep exploring

The entities involved

Related events

Coverage

Newest first; wire copies grouped