Blockchain

Coinbase acquires securities dealer Keystone Capital

United States cryptocurrency exchange Coinbase announced that it acquired securities dealer Keystone Capital, President and Chief operating Officer Asiff Hirji stated in a blog post. Pending approval by federal authorities, the platform will 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),” Hirji highlighted.

“Ultimately, we can envision a world where we may even work with regulators to tokenize existing types of securities, bringing to this space the benefits of cryptocurrency-based markets — like 24/7 trading, real-time settlement, and chain-of-title,” the COO added.

Earlier in May, the company said that it was rolling out a set of new products aimed at institutional investors.

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