SEC Exemption Boosts Coinbase and Robinhood's Tokenized Equity Ambitions
The SEC has announced a five-year conditional Innovation Exemption allowing eligible platforms to trade tokenized U.S. equities without standard exchange registration.
This move opens doors for trading platforms like Coinbase and Robinhood to launch new asset offerings and capture additional trading volume.
Tokenized equities represent traditional corporate shares as digital tokens on a blockchain, potentially facilitating 24/7 trading, fractional ownership, and more efficient settlement.