U.S. Regulators Approve Coinbase Acquisitions, Enabling It to List Security Tokens
Coinbase Inc., has announced that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINFRA) have approved its purchase of three companies that will enable the cryptocurrency exchange and wallet service to offer security tokens under federal oversight, according to Bloomberg.
Speaking with the publication, a Coinbase spokesperson said the regulators have approved its it request to acquire Digital Wealth LLC, Venovate Marketplace Inc. and Keystone Capital Corp, acquisitions which CCN reported last month. Venovate and Keystone are both registered with the SEC and FINRA as broker-dealers. Digital Wealth holds an SEC registered investment adviser license, while Venovate is also licensed as an alternative trading system.
The approvals were not reported as of this writing on either the SEC or FINFRA websites.
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