The SEC's recent move to promote tokenized equities—securities issued and traded on blockchain networks—is expected to create a fresh wave of business for major crypto and fintech players, according to analysts at Goldman Sachs and Citizens Bank.
In a note covered by CoinDesk, the analysts said the agency's push would open new revenue streams in areas such as digital asset custody, tokenization infrastructure, and stablecoin-based settlement. They also noted that brokers would gain more room to expand onchain products, giving firms like Coinbase and Robinhood a runway to deepen their offerings in tokenized securities.
Circle, the issuer of the USDC stablecoin, was singled out as a potential beneficiary given the role stablecoins could play in settling trades of tokenized stocks on blockchain rails.
The report comes as the SEC, under its current leadership, has signaled a more accommodating stance toward digital asset innovation. While regulatory details remain unclear, the analysts suggest the move could accelerate institutional adoption of blockchain-based securities and create a more integrated bridge between traditional finance and decentralized finance.
The article did not include specific financial projections, timelines, or official statements from the SEC or the referenced companies.