Gemini, a US cryptocurrency exchange, is planning to apply for a broker-dealer license from the US Financial Industry Regulatory Authority (FINRA), according to a report from CoinDesk. This move is seen as a crucial step towards establishing a regulated alternative trading system where customers can legally trade digital securities.摘要:小編:記得關注哦投資區塊鏈,猛戳:火星財經App下載火星財經APP(微信:hxcj24h)一線報道,據CoinDesk透露,加密貨幣交易所Gemini將向美國金融業監管局(FINRA)申請經紀自營商牌照。...
The collaboration between Gemini and the tokenized securities platform Harbor, which allows institutional investors to use Gemini's GUSD stablecoin to purchase stock securities and receive dollar-denominated dividends, demonstrates Gemini's commitment to facilitating the trading of such securities on its platform.
Despite the more stringent regulatory environment that dampened market enthusiasm in 2017, broker-dealers, family offices, and investment banks remain very interested in tokens, according to Joshua Stein, CEO of Harbor. The platform has focused on the potential of fractionalized real estate and startup equity, although its only real estate transaction in April fell through.
Sources familiar with Gemini's plans have revealed that the exchange intends to enable securities from external platforms such as Harbor to be traded on its platform. However, obtaining the necessary approvals may take some time, as FINRA has been reluctant to approve broker-dealer license applications from cryptocurrency-related companies, and currently has approximately 40 such applications pending, with the longest waiting time reaching 14 months. Only time will tell if Gemini will indeed become a platform for tokenized securities trading.
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