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Our path to listing SEC-regulated crypto securities

blog.coinbase.com

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Re: Our path to listing SEC-regulated crypto securities

#2

Post by koolba »

> 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, an alternative trading system license (ATS), and a registered investment advisor (RIA) license.

> ...

> This is all being enabled by our acquisition of Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC.

If I’m understanding this correctly it’s very impressive. They were able to acquire existing companies with those licenses and convince the SEC to let them retain and expand them to cover the entire business. It’s like the reverse acquisitions of small banks to enable a new player into the tightly regulated bank market (which is an incredible pain to get new approval for), but now applying it to crypto.

Re: Our path to listing SEC-regulated crypto securities

#5

Post by aphextron »

gomox wrote: post #4

This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.

>we can go back to building valuable companies

Like what?

>with a whole new way of funding them.

What's wrong with US Dollars?

Re: Our path to listing SEC-regulated crypto securities

#6

Post by omarchowdhury »

gomox wrote: post #4

This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.

You will come to see that the transfer restrictions imposed on securities will always leave room for utility tokens which do not fall under the same.

Re: Our path to listing SEC-regulated crypto securities

#7

Post by gomox »

aphextron wrote: post #5
gomox wrote: post #4

This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.

>we can go back to building valuable companies Like what? >with a whole new way of funding them. What's wrong with US Dollars?

Crypto securities don't replace the US dollars. They replace the shares you're buying when you invest in a company. You are welcome to use US dollars for that if you want. Chances are depending where the companies are based, getting the money in USD to them could be tricky though.

What company people are going to build is anyone's guess, but mine is that there's going to be a lot of them. Silicon Valley is only but a small dot on the face of the Earth. A lof of potential is going to be unlocked.

Re: Our path to listing SEC-regulated crypto securities

#8

Post by hapnin »

aphextron wrote: post #5
gomox wrote: post #4

This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.

>we can go back to building valuable companies Like what? >with a whole new way of funding them. What's wrong with US Dollars?

Binance made more money than Deutsche Bank last year. They funded growth with an ICO.

> What's wrong with US Dollars?

It's not a good store of value over the long haul:

https://visual.ly/community/infographic/economy/purchasing-p...

Re: Our path to listing SEC-regulated crypto securities

#9

Post by gomox »

omarchowdhury wrote: post #6
gomox wrote: post #4

This a great step in the right direction for the post-ICO-craze phase. Once we are over the bullshit utility tokens we can go back to building valuable companies with a whole new way of funding them.

You will come to see that the transfer restrictions imposed on securities will always leave room for utility tokens which do not fall under the same.

Utility tokens are fine. They are just a waste of time in most cases, since they introduce a complex mechanic that is only needed for the purpose of monetizing the platform growth (therefore everything needs to be a "platform" where there are these security-like things moving around).

I think a lot of the scare about securities is going to go away and a market will evolve with proper jurisdictions that are friendly to this.

Keep in mind that most so-called utility tokens today fail the Howey test and 10 get issued every minute. Yet no one will list a self-proclaimed security token. The big difference, I think, is that the perception of wrongdoing is very different, even if the wrongdoing itself is very similar.

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