Opinion: CEX's application for tokenized stock trading will compete with Robinhood and Schwab

GateUser-6433627c · 2025-06-17T15:13:25+00:00

[Viewpoint: CEX's Application for Tokenization of Stock Trading Will Compete with Robinhood and Charles Schwab] CEX is seeking approval from the SEC to issue blockchain-based stocks in the United States. If approved, this move will allow CEX to offer traditional stock trading based on blockchain, putting it in competition with brokers like Robinhood and Charles Schwab. CEX's Chief Legal Officer Paul Grewal described this initiative as a "top priority" and revealed that CEX is seeking a no-action letter or exemption from the SEC. Once this letter is obtained, it means that if CEX continues to issue tokenized stocks, the agency's staff will not take enforcement action.Paul Grewal refused to disclose whether the CEX has officially submitted a request to the SEC or provided a launch timeline.

GateUser-6433627c

2025-06-17 15:13:25

CEX is seeking SEC approval to issue blockchain-based shares in the U.S., a move that, if approved, would allow CEX to offer traditional blockchain-based stock trading, which would put it in competition with brokerages like Robinhood and Schwab. Paul Grewal, CEX’s chief legal officer, described the move as a “top priority,” while revealing that CEX is seeking a no-action letter or waiver from the U.S. Securities and Exchange Commission (SEC), which, once obtained, means that if CEX continues to issue tokenized shares, the regulator’s staff will not take enforcement action. Paul Grewal declined to say whether CEX has formally filed a request with the SEC or provided a timeline for its rollout.

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