The 200-page proposal is ostensibly about the electronic trading of U.S. Treasurys – but many industry insiders smell a sneak attack against crypto.
The license could open up future opportunities around digital securities trading.
Apifiny connects professional traders with 40-odd global exchanges to search the best execution prices.
The custodian’s bank charter allows it to hold digital assets for broker-dealers and their clients, said Anchorage CEO Nathan McCauley.
Uphold is set to become one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors, the company said.
The SEC's broker-dealer guidance was generally welcomed as a step in the right direction by industry players.
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
Texture is the latest tokenization firm to eye the $1.5 trillion private securities market.
Security token firm Securitize announced Thursday its planned acquisition of Distributed Technology Markets (DTM).
Digital asset custodian BitGo is building a “full stack” security token services provider by acquiring tokenization platform Harbor, including its broker-dealer and transfer agent.