在美國市場上推出令牌證券

該公司看到了一個機會，隨著特朗普政府領導下的監管景觀發生了變化。

Coinbase is making a renewed push to bring tokenized securities to the U.S. market as the regulatory landscape appears to be shifting in the Trump administration.

隨著監管景觀在特朗普政府的變化，Coinbase正在重新推動將令牌化證券帶到美國市場。

Coinbase Is Pivoting to Tokenized Securities

Coinbase正在樞轉至令牌證券

The company had previously attempted to launch security tokens when it filed for its S-1 in 2020 but was shut down by the U.S. Securities and Exchange Commission (SEC). However, the company now sees an opportunity with the creation of a new crypto task force at the SEC.

該公司此前曾試圖在2020年申請其S-1時啟動安全令牌，但被美國證券交易委員會（SEC）關閉。但是，該公司現在看到了在SEC成立新的加密特遣部隊的機會。

Coinbase’s Chief Financial Officer, Alesia Haas, expressed confidence that the SEC may be more amenable to such initiatives. She highlighted the regulator’s apparent receptiveness to product innovation, hinting at the possibility of tokenized securities being launched shortly.

Coinbase的首席財務官Alesia Haas表示，SEC可能更適合此類倡議。她強調了監管機構對產品創新的明顯接受，這暗示了很快啟動令牌化證券的可能性。

Tokenized securities are essentially digital tokens that represent traditional assets, such as stocks and bonds, on the blockchain. They offer the potential for greater efficiency in trading and provide a more transparent way to track ownership.

標記證券本質上是代表區塊鏈上傳統資產（例如股票和債券）的數字代幣。他們提供了提高交易效率的潛力，並提供了一種更透明的跟踪所有權的方式。

Coinbase believes that these assets can be bought and sold more easily, presenting a streamlined process for both institutional and retail investors through the use of blockchain technology.

Coinbase認為，這些資產可以更輕鬆地買賣，並通過使用區塊鏈技術為機構和散戶投資者提供了簡化的流程。

Despite their significant potential, tokenized securities have faced regulatory hurdles. The SEC has been relatively cautious and has often classified many digital assets as securities or investment contracts.

儘管具有巨大的潛力，但令牌化的證券仍面臨監管障礙。 SEC相對謹慎，經常將許多數字資產歸類為證券或投資合同。

However, as more countries, like Switzerland and Singapore, set up frameworks for tokenized securities and the U.S. Paycheck Protection Program (PPP) highlighted the need for faster payout methods, the U.S. may follow suit with clearer regulations.

但是，隨著瑞士和新加坡等越來越多的國家為令牌化證券建立框架，美國薪水保護計劃（PPP）強調了對更快的支付方法的需求，美國可能會遵循更清晰的法規。

Coinbase Has Been Proactive In Supporting The Development Of Tokenized Securities

Coinbase已積極支持代幣化證券的發展

The company has also expanded its international footprint to secure licenses in jurisdictions with clearer digital asset regulations.

該公司還擴大了國際足跡，以確保具有更清晰的數字資產法規的司法管轄區獲得許可證。

Coinbase’s focus on international markets aligns with its broader strategy to diversify its revenue streams. In Q1 2024, the company showed strength in trading, staking and stablecoins, demonstrating its ability to scale beyond traditional crypto trading.

Coinbase對國際市場的關注符合其更廣泛的戰略，以使其收入流多樣化。在2024年第1季度，該公司在交易，積累和穩定股中表現出了實力，證明了其擴展能力超過傳統加密交易的能力。

If successful, tokenized securities could open the door for a new wave of financial innovation, rendering financial instruments more efficient and accessible.

如果成功，令牌化的證券可能會為新的金融創新浪潮打開大門，使金融工具更加高效，更容易獲得。

Coinbase’s goal is to transform the way assets are traded globally, benefiting the crypto community and bridging the gap between traditional finance and blockchain technology.

Coinbase的目標是改變全球資產交易的方式，使加密貨幣社區受益，並彌合傳統金融和區塊鏈技術之間的差距。