The gateway to retail and institutional capital allocation
Coinbase is on track to operate as a regulated broker/dealer.
Once approved, Coinbase will be able to offer blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
It will have a broker/dealer license, an alternative trading system license, and a registered investment advisor license.
This is a topic which we have been talking about with clients for some months as we see the next catalyst to digital assets being the shift towards regulated exchanges and self-regulating securities tokens.
The combination of public blockchains and financial markets is going to be incredibly powerful.
This will open up retail and institutional capital to blockchain-based investing.
Furthermore, the SEC decision that Ethereum is NOT a security paves the way for Ethereum futures.
Our next series of reports explores these issues and highlights the opportunity for traditional corporations to participate.