The SEC is preparing to issue new guidance that could allow the trading of tokenized stocks, a move that analysts say could significantly reshape U.S. financial markets.

•⁠ ⁠The exemption would allow companies to offer blockchain-based versions of publicly traded stocks that can be bought and sold around the clock and settled instantly.

•⁠ ⁠Coinbase plans to launch tokenized stock trading if the rules are approved, while other major platforms are preparing similar offerings.

•⁠ ⁠The market value of tokenized public stocks has already surpassed $6.4 billion, according to data cited in the report.