Coinbase is restarting plans to tokenize its COIN shares and other securities in the U.S. after the Securities Exchange Commission formed a new cryptocurrency task force. The plan was first attempted in 2020 but abandoned due to regulatory hurdles. With the SEC's new cryptocurrency task force, the company sees new opportunities to integrate blockchain into traditional finance. Coinbase CFO Alesia Haas at Morgan Stanley TMT.
A new report from the Security Token Market predicts that asset tokenization will reach $30 trillion by 2030, led by stocks, real estate, bonds, and gold. The report argues that if the United States has the right attitude towards cryptocurrencies, Congress will introduce new legislation to ensure that the market has clarity on the classification of tokens (official taxonomy) and the structure of the stablecoin market.
Bitcoin infrastructure developer Blockstream has launched its third security token, Blockstream Mining Note 2 (BMN2). BMN2 is a European Union-compliant security token that is only available to eligible non-US investors. Each holder of a BMN2 security token is entitled to Bitcoins generated by Blockstream's 1 PH/s mining hash rate. The first two rounds of BMN2 notes raised a total of about $7 million. The third round will be priced at $31,000 and the sale will last three weeks. Blockstream is ai...