Coinbase, Robinhood, Circle could be early winners of SEC's tokenized-stock push, analysts say
Why now
Thesis: SEC tokenized-stock push may boost custody, tokenization, stablecoin revenue.
Catalyst to watch: SEC rule progress or formal approvals.
Main risk: Regulatory push stalls or faces legal challenges.
Why it matters
SEC tokenized-stock push could expand custody, tokenization and stablecoin settlement revenue for brokers and exchanges, per analyst commentary.
Details
Goldman Sachs and Citizens analysts said the agency's move create new opportunities in custody, tokenization infrastructure and stablecoin settlement, while giving brokers room to expand onchain products.
Related assets & topics
Goldman Sachs · GSCoinbase · COINRobinhood · HOODCryptoBitcoinInstitutional FlowsSources
- coindesk · 2026-09-20 12:00 UTC