Online reports that Coinbase is restarting plans to tokenize its COIN shares and other securities in the United States after the U.S. Securities and Exchange Commission established a new cryptocurrency working group. The plan was previously attempted for the first time in 2020, but was abandoned due to regulatory obstacles. As the SEC established a new cryptocurrency working group, the company sees new opportunities to integrate blockchain into traditional finance. Alsia Haas, CFO of Coinbase, said during the Morgan Stanley TMT meeting that Coinbase may introduce some crypto products widely used in international markets to the U.S. market and looks forward to seeing more assets put on the chain and traded in a more efficient way. Security-based tokens operate in a similar manner to traditional securities, but trading on-chain can provide investors with voting rights and profit-sharing mechanisms while improving trading efficiency.