The leading cryptocurrency company Coinbase, the US is considering issuing its own stock token and also run the platform to the initial stock offerings (IEO), reports CoinDesk.
The corresponding statement at the conference, Invest: Asia in Singapore was made head of institutional sales at Coinbase in Asia, Kayvon Pirestani. According to him, the framework for conducting the IEO is one of study the California-based company instruments of capital formation.
«For Coinbase here is a really interesting opportunity. Briefly, Coinbase is closely following not only for IEO-space, but also offers security tokens (STO). But no official announcement to make I can not yet,» he said.
Earlier this year the active conduct of the IEO started a series of major cryptocurrency exchanges, including Binance, Bitfinex, OKEx, Huobi, Gate.io and Kucoin . In such campaigns, of the exchange act as a trusted broker and allow investors to exchange their issued tokens to tokens of the project.
Pirestani added that the launch of the platform for conducting the IEO can be held in the next few months, but plans for STO more distant. Nonetheless, certain steps in this direction Coinbase is taking. In particular, for obtaining the status of a regulated broker-dealer, the company has already acquired several third-party firms.
Anyway, Kayvon Pirestani stressed that before proceeding to action Coinbase intends to wait for increase of interest to the STO offers.
We will remind, earlier this month, the venture capital division has invested in Coinbase Offchain startup Labs, which is developing a Protocol Arbitrum. The latter is a sidechained Ethereum with a throughput of 500 transactions per second.