Coinbase is restarting plans to tokenize its COIN stocks and other securities in the U.S.

PANews March 6th news, according to Crypto Briefing, Coinbase is re-pushing its stock COIN tokenization as part of a broader effort to introduce securities tokens into the U.S. market. The company first tried the move in 2020 but gave up due to regulatory hurdles. With the establishment of the newly formed cryptocurrency task force of the US SEC, the company sees new opportunities to integrate blockchain-based securities into traditional finance. Coinbase Chief Financial Officer Alesia Haas expressed optimism about regulatory progress at the Morgan Stanley TMT meeting.

“I now believe that our U.S. regulators are looking for product innovation and want to move forward,” Haas said. Haas revealed that Coinbase initially plans to list through issuing securities tokens representing its COIN stock, in line with its vision to integrate blockchain into traditional finance. Coinbase CEO Brian Armstrong highlighted the potential benefits of tokenized securities, saying they can provide consumers with the ability to trade 24/7.