- Coinbase seeks SEC approval to launch tokenized stocks as blockchain securities.
- Legal victory and SEC engagement position Coinbase to lead in security tokens.
- MiCA licensing and X402 show Coinbase’s push for global crypto-fintech dominance.
Coinbase is making a bold move to bridge the gap between traditional financial markets and blockchain technology. The company is reportedly seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer tokenized stocks on the blockchain.
These digital assets, often called security tokens, mirror traditional equities but promise faster settlements, better transparency, and broader global access. The move signals a major push by Coinbase to lead a new era in finance where securities live on-chain.
A Renewed Strategy Following a Major Legal Win
This renewed push follows a significant legal victory for Coinbase in February 2025. The SEC dropped its lawsuit against the company, which had alleged that the exchange operated illegally as an unregistered broker. With that major legal obstacle removed, Coinbase has gained significant momentum and has since developed a “Blockchain Token Securities Law Framework” aimed at achieving full regulatory compliance.
This renewed push is not new to industry observers. Crypto commentator MartyParty recalled that in 2019, several startups sought SEC approval to launch security tokens.
Related: Coinbase Faces Lawsuit Over Alleged Breach of Illinois Biometric Privacy Laws
However, the regulator dismissed these requests outright, although the landscape now appears different. Coinbase, armed with its legal win and increasing institutional support, is engaging with the SEC’s crypto task force to pave the way for security tokens and Security Token Offerings (STOs).
European Expansion Under the New MiCA Framework
Across the Atlantic, Coinbase is on the verge of securing its MiCA (Markets in Crypto-Assets) license. This development could grant the company a regulatory passport across the EU.
Speaking at NEXUS earlier this week, Coinbase CEO Brian Armstrong highlighted Luxembourg as a key strategic base in Europe. The region’s balance of innovation and regulatory clarity makes it an attractive destination for crypto firms.
Coinbase is already expanding its services with products like Coinbase Business, aimed at SMEs. It includes stablecoin APIs and integrations with platforms like Shopify, enabling dollar-denominated payments and consumer rewards. According to Armstrong, stablecoins are now among the fastest and most cost-efficient ways to transfer value worldwide.
A Look at Coinbase’s Vision for Web Payments
Coinbase is also pushing the boundaries of innovation with new open-source protocols like X402. This protocol aims to revive the long-abandoned “402 Payment Required” HTTP status code for use in modern web interactions.
Related: Coinbase Data Breach: Brian Armstrong Offers $20 Million Bounty for Intel on Attackers
With X402, users could send micro-payments to bypass paywalls or trigger services without registering. This open-source effort could transform online commerce and API monetization.
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