Tokenized Stocks Could Put Coinbase, Robinhood and Circle in the SEC’s Fast Lane

The SEC is opening a new chapter for tokenized stocks, and some familiar names in crypto may be positioned unusually close to the door.Coinbase, Robinhood and Circle are being identified by analysts at Goldman Sachs and Citizens as potential early beneficiaries of the agency’s new approach to bringing U.S. securities onto public blockchains.The opportunity is still tightly contained. But the SEC’s five-year innovation exemption gives tokenized stocks a path to trade through automated