Coinbase Reignites Plan to Tokenize $COIN Stock Amid Evolving Regulations

Since the SEC's creation of a new crypto task force and shifting regulatory sentiment Coinbase looks to reignite tokenization of its $COIN stock and other securities.

Rebecca Denton

Mar 07, 2025 - 1 min read

Coinbase is apparently re-exploring its efforts to tokenize its $COIN stock and other securities in the U.S. following the SEC's softer approach under Trump. In the last few months, the SEC has dropped several high-profile lawsuits. Initially abandoned due to regulatory challenges, Coinbase sees renewed potential for integrating blockchain-based securities into traditional finance.

Alesia Haas, Coinbase’s CFO, expressed optimism about the evolving regulatory environment, believing U.S. regulators are finally open to product innovation. Tokenized securities offer benefits like voting rights, profit-sharing, and improved transaction efficiency.

Speaking at the Morgan Stanley Technology, Media, and Telecom Conference earlier this week, Coinbase CEO Brian Armstrong said:

"I’m now excited that we may be able to reengage those conversations with the SEC’s task force. We may be able to bring forward security tokens and some international products into the US market that have already seen broad adoption among global crypto traders."