The U.S. Securities and Exchange Commission (SEC) is reportedly developing a plan to allow stocks to trade on blockchain platforms similar to crypto assets, according to a Tuesday report from The Information.

An early-stage proposal is said to detail plans that would let investors buy and sell tokenized versions of equities on approved crypto platforms. 

Earlier this week, NovaDius Wealth Management President Nate Geraci noted that the NYSE had met with the SEC’s Crypto Task Force to discuss tokenized equities.

This story is an excerpt from the Unchained Daily newsletter.

SEC Chair Paul Atkins had previously described tokenization as an “innovation” that the agency should seek to advance and not restrict.

The development comes as platforms like Robinhood and Kraken have started offering tokenized stocks, while Coinbase is seeking a green light to do the same. 

Last month, the Nasdaq also filed for a rule change to permit trading of tokenized stocks and exchange-traded products.