The Financial Institutions Regulatory Agency (FINRA) has authorized mobile payment solutions provider Uphold to acquire US broker-dealer JNK Securities.
According to the press release, Uphold will open up fractional stocks by the end of 2021 and provide users with a solution to trade cryptocurrencies, securities, and precious metals.
“The exchange of Bitcoin for Tesla shares in a single user-friendly interface will soon become a reality for our US customers. This will provide unprecedented speed and convenience for retail investors looking to trade traditional and emerging asset classes, ”the statement said.
In June 2018, the provider filed an application with FINRA to change the owner of JNK Securities.
Recall that at the end of 2020, the US Securities and Exchange Commission introduced rules for broker-dealers in the field of tokenized securities, promising not to sue them, subject to compliance with the rules.
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