Goldman Sachs and Citizens: Coinbase, Robinhood and Circle to benefit from SEC stock tokenization
- —SEC granted a five-year exemption for trading tokenized stocks via AMMs on public blockchains
- —Goldman: Coinbase already has the needed features — shareholder rights and dividends
- —Robinhood needs work: its foreign tokenized stocks do not grant full ownership rights
- —Circle will benefit from growing use of USDC for settlement and collateral
Why it matters: Tokenized US stocks could open a new market for crypto infrastructure and stablecoins, but are currently limited by volume caps and issuers' right to opt out.
Source: CoinDesk