Coinbase Acquires Broker-Dealer in ‘Path to List SEC-Regulated Crypto Securities’
Coinbase has announced that it is moving forward with a plan to acquire licensure that would allow the company to begin offering blockchain-based securities and participate in the ICO market. The company has also acquired the broker-dealer Keystone Capital Corp., based in California.
Keystone is registered with the Financial Industry Regulatory Authority (FINRA), is a registered investment advisor, and has licensure to operate as an ATS (alternative trading system). The acquisition of Keystone could provide a pathway for Coinbase to offer stocks or other securities in the future; the terms of the acquisition remain undisclosed.