> 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.
> ...
> 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.