Coinbase acquires Keystone Capital to become a regulated broker dealer

Undoubtedly, Coinbase which is operating over 32 countries is now acquiring securities dealer California based FINRA-registered broker-dealer, Keystone Capital. It is extending its offerings and gradually moving towards non-crypto financial products.

According to an announcement, the Coinbase is looking to work with “regulators to tokenize existing types of securities”, However, the crypto exchange believes that it will “democratize access to capital markets” for both investors and companies.

The President and CEO of the exchange said:

If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). This step forward is being made possible by our acquisition of a broker-dealer license

Significantly, this approach allows Coinbase in a high position to sell tokens under a security registered in coming days. Likewise, exchange joins with other platforms that are into blockchain-based securities under the SEC regulatory.

Read Full Article here: Coinbase will soon offer blockchain-based securities

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