SEC Opens Door to Tokenized US Stocks, Platforms Like Robinhood May Benefit

On September 18, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has taken a lenient stance on the tokenization of US stocks, proposing to allow third parties to issue and trade tokens that track the share prices of listed companies without requiring the consent of the public companies involved. This regulatory framework is seen as opening the door for the US stock market to blockchain-based asset tokenization, potentially breaking down traditional geographic and time-zone barriers to trading.

Analysts believe this move could create highly liquid alternative channels for assets with a combined market value of trillions of dollars. By lowering issuance barriers, popular stocks such as Apple, Tesla, and Nvidia could be converted into digital assets that can be settled anytime on the blockchain, potentially disrupting existing centralized clearing systems. Potential beneficiaries cited in the article include Robinhood, Kraken, Gemini, as well as traditional electronic brokers like E-Trade and Merrill Edge that are positioning in related businesses.

[TechFlow]