在美国市场上推出令牌证券

该公司看到了一个机会，随着特朗普政府领导下的监管景观发生了变化。

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.

随着监管景观在特朗普政府的变化，Coinbase正在重新推动将令牌化证券带到美国市场。

Coinbase Is Pivoting to Tokenized Securities

Coinbase正在枢转至令牌证券

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.

该公司此前曾试图在2020年申请其S-1时启动安全令牌，但被美国证券交易委员会（SEC）关闭。但是，该公司现在看到了在SEC成立新的加密特遣部队的机会。

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的首席财务官Alesia Haas表示，SEC可能更适合此类倡议。她强调了监管机构对产品创新的明显接受，这暗示了很快启动令牌化证券的可能性。

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.

标记证券本质上是代表区块链上传统资产（例如股票和债券）的数字代币。他们提供了提高交易效率的潜力，并提供了一种更透明的跟踪所有权的方式。

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认为，这些资产可以更轻松地买卖，并通过使用区块链技术为机构和散户投资者提供了简化的流程。

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.

尽管具有巨大的潜力，但令牌化的证券仍面临监管障碍。 SEC相对谨慎，经常将许多数字资产归类为证券或投资合同。

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，随着瑞士和新加坡等越来越多的国家为令牌化证券建立框架，美国薪水保护计划（PPP）强调了对更快的支付方法的需求，美国可能会遵循更清晰的法规。

Coinbase Has Been Proactive In Supporting The Development Of Tokenized Securities

Coinbase已积极支持代币化证券的发展

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

该公司还扩大了国际足迹，以确保具有更清晰的数字资产法规的司法管辖区获得许可证。

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对国际市场的关注符合其更广泛的战略，以使其收入流多样化。在2024年第1季度，该公司在交易，积累和稳定股中表现出了实力，证明了其扩展能力超过传统加密交易的能力。

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，令牌化的证券可能会为新的金融创新浪潮打开大门，使金融工具更加高效，更容易获得。

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的目标是改变全球资产交易的方式，使加密货币社区受益，并弥合传统金融和区块链技术之间的差距。